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Long Term Care Insurance Premiums

Premiums for long-term care insurance are based on the insured’s age at the time of issue. As a general rule, the younger the insured is at the time of application, the lower the policy’s premium. In addition, LTCI premium rates are set so that the same rate applies over long periods. This is in keeping with the concept that LTCI is designed to be maintained for the long term. It is not priced or subject to renewal annually.
Almost all states require that LTCI policies be issued as guaranteed renewable. For the insured, this means two things:
  • The policy cannot be canceled or non-renewed because of the insured’s age or health.
  • Premiums cannot be increased, except on a class basis.
Consequently, while it is true that individuals cannot be singled out for an increase because of their age or health, insurers can increase premiums for entire classes of insureds, such as all policyholders age 75 and older, based on the company’s claims experience. Of course, insurers must justify premium increases to state insurance departments, but states have limited authority to deny those increases, especially when claims experience supports requests for rate increases.
The following were the average annual premiums for long-term care insurance as of 2018:
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    Long-Term Care Insurance Request For Information:

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For Help or Information Please Call 480-795-7776
​Email: [email protected]
​Fax: 480-795-7717
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Americas Top Assisted Living Resources LLC  is a locally owned and operated agency in the State of Arizona providing quality assistance to families throughout the State of Arizona. Selecting a long-term care facility can be an overwhelming experience. To help you and your family through this transition we have compiled information to help you make the right decision & determine what level of care you or your loved one requires. Our only objective is to assist your family find direction,
​well being, and ultimately peace of mind.

We offer comprehensive resources to guide families through all of the senior housing options and elder
care needs. At Americas Top Assisted Living Resources LLC, We staff knowledgeable consultants helping
​seniors and their families make informed, educated decisions regarding all options available.
​
If you would like information pertaining to another USA based State, please "Click Here"

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An Arizona Based Company
  • Home
    • About
    • Contact Us
    • Blog
    • Articles
  • Living Options
    • In Home Care
    • Transition & Relocating >
      • Assessment Information
      • FAQ's
    • Assisted Living Home
    • Assisted Living Communities
    • Skilled Nursing Facility
    • Memory Care
  • Resource Directory
    • Assisted Livings
    • Independent Living
    • Resources
  • Paying For Care
    • ALTCS / Medicaid
    • V.A. Benefits
    • Medicare Insurance
    • Elder Law
    • Estate Planning
    • Retirement Planning
  • End of Life
    • Hospice >
      • Palliative
      • Earlier Admission Benefits
    • Funeral Services >
      • Preplan Your Funeral
      • Obituaries