Free Guide Outlines Ways To Reduce Cost Of Long-Term Care Insurance

(EMAILWIRE.COM, September 05, 2011 ) Westlake Village, CA -- Some 10 million Americans currently require long term care according to the American Association for Long-Term Care Insurance with annual expenditures exceeding $200 billion.

Experts expect the number of individuals needing long term care will grow significantly in the next decade as the 76 million baby boomers begin to turn 65. To educate individuals about the importance of long-term health care planning and ways to make long term care insurance protection more affordable, the professional trade organization is making available a free free informational guide.

"Few people are aware of the discounts available that can make long-term care insurance quite affordable," explains Jesse Slome, AALTCI's executive director. "It is possible to reduce the cost by between 20-and-50 percent yearly simply by knowing what savings and discounts are available from leading insurance companies."

According to the Association's annual price index a healthy couple where both spouses are age 55 will pay $2,350 for about $338,000 of current long term care protection. "Their coverage will grow to over $600,000 in potential benefits when they reach ages 75 and over $821,500 at age 85," Slome adds. The Association recommends most adults begin exploring their long term care planning options between the ages of 52 and 64.

Discounts are available when applicants meet certain health qualifications. Non-smokers may qualify for savings and couples or partners who apply for protection may be eligible for savings, even when only one individual obtains insurance coverage.

The guide, "Potential Ways To Reduce The Cost of Long-Term Care Insurance" can be accessed online. No sign-up or personal information is required to access the information. To access the free guide, visit the Association's Consumer Information Center http://www.aaltci.org/free-guide/.

The American Assn for Long-Term Care Ins
Jesse Slome
(818) - 597 - 3227
jslome@aaltci.org