Pennsylvania Long Term Care Insurance

Written by Norene Anderson
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Do you need Pennsylvania long term care insurance? This is the first question to answer before making the decision to commit to years of premiums. The general rule of thumb is that if you cannot afford the premiums, you probably do not need the coverage. This means that you will most likely qualify for Medicaid coverage should you become incapacitated.

If you have a lot of assets and the means to pay the premium, it is a good idea to get coverage. This will keep the bulk of the cost of extended care for assisted living from taking your financial security. One comprehensive policy is usually enough to cover the costs. It is possible, however, that some individuals will benefit from more than one policy. This should be discussed in depth with a licensed, reputable agent.

Choose Great Pennsylvania Long Term Care Insurance

Once you decide on a policy, it is best to keep that policy. If you feel it is in your best interest to switch, there are some things you should consider. What effect will changing policies have on pre-existing conditions? If you have had a change in your health history, you could be excluded from some coverage by the new policy. Do you have a refund of premium on your current policy? If so, will you get any return if you do not keep the policy in effect?

Do not succumb to pressure tactics by any insurance agent or company. Take all the time you need to carefully evaluate the coverage offered and the protection you need. Use an agent that you know or one that comes recommended by friends. If you enroll in a policy and you have not received it within 60 days, contact the issuing agent for follow up.

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