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There are a large number of companies offering long term care insurance policy. Although the long-term care insurance offered by many providers are advised to understand what impact on the cost of LTCI your monthly premiums and offers you, the shopper's paradise, with additional bargaining power.

Here are 5 factors, with recommendations to simplify the selection benefit. Each of these decisions can affect your policy premiums.

1) daily or monthly benefit: Look at the average cost of care in your area and choose exactly the performance that costs. This is the benefit for the daily care facility. Purchase the highest benefit you can afford it, because health care inflation costs erode your daily enjoyment.

Recommendation: Purchase the vicinity of the private room near you. If you are self-insure some of the costs, the acquisition of at least 70% - 80% of the private room rate.

2) benefit period: How long will the long-term care insurance policy? Benefit periods are from1year for life. Select at least a period of three years profit, preferably a six-year benefit. The ideal is life, because you never to be concerned about outliving your benefits.

Recommendation: If you are under the age of 70, considerate at least 5 years, but buy what you can afford. The best care plan is that in force when you need it.

3) elimination period (deductible): Most people choose a waiting period of 90 days or less. The longer the wait, the lower the premium. With the cost of care tripling over the next twenty years, the difference you can save in premiums should not be so great that he is entitled to payment of the first three months out-of-pocket. Recommendation: 60 or 90-day elimination period.

4) Home & Community Health Coverage: The view of a nursing home as a last resort, so be sure that the community and good coverage. This benefit can keep what you from the nursing home. Some of these measures is a driver, you can use with others, and it is automatically included. Benefits are a percentage of the nursing home benefit, for example, 50%, 80% or 100%. Recommendation: At least 80%, preferably 100% of the daily benefit.

5) Inflation protection: It is important to the inflation within the protection of your policy. According to the General Accounting Office, long-term care costs are growing at 5.8% per year and are equipped with a triple in 20 years! Make sure that the benefits are so well into the future, as they are today.

Recommendation: If you are under 70 years, buying an inflation rate of 5% annually. (Benefit doubles in 14 / 4 years) age 70 - 74, you can just 5% inflation (Benefit doubles in 20 years.) Age 75 and over, you can use a higher daily or monthly benefit and build inflation protection into use immediately or a guaranteed purchase option, which allows you to purchase additional daily benefit without proof insurability.

LTC connection takes a different approach to long-term care. Our goal is to provide you with information so that you can best decide whether the long-term care insurance makes sense for you. Visit http://www.ltcconnects.com for additional resources and comparative long-term care quotes.