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Long Term Care & Insurance Article Category 

Articles about or concerning Long Term Care Insurance, Nursing Homes, Retirement Planning.
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Health Coverage in Elderly Adults

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 Lora Davis (September 07, 2017)  The words Medicare and Medicaid are very similar, and the differences confuse many people. To make matters worse, the two are government programs and the two help pay for health care. But that is where the similarities end; Medicare and Medicaid are two completely different programs. The main difference is that Medicare is usually for the elderly or disabled, and Medicaid is for people .. (Long Term Care)

Understand Life Coverage Policies Better

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 Rahul Sharmi (July 10, 2014)  Life coverage plan gives you guarantee that your kin will get monetary support and protection even when you are gone. This is an ideal method where you as an insured can protect your kin from any monetary disaster when time is not right due to sudden death or mishaps. However, whenever you think of purchasing any indemnity, compare life insurance policies in India. Different benefits, .. (Long Term Care)

Get the Best Term Life Insurance Quote

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 Rahul Sharmi (May 26, 2014)  People admired more Term Life coverage than a Whole Life Insurance policy but there are several insurance companies competing in the market, each providing a number of various insurance policies, with an intend to increase the number of customers. Insurance provider’s offers special insurance plans with profitable premiums, Remember the needs of individuals and business houses. .. (Long Term Care)

How does Taxation affect Death Benefits in Life insurance?

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 Rahul Sharmi (May 14, 2014)  Insurance cover is taken in order to provide support to the family in case of an unfortunate event of death or accident of the individual. Thus, one must try to gain as much as possible from the insurance policy. One such benefit could be exemption from tax in case of death benefit. Features of Taxation: 1) The income tax department holds the right to tax individual income depending on . (Long Term Care)

Ten different ways your life insurance plan works for you

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 Rahul Sharmi (April 25, 2014)  Ten different ways your life insurance plan works for youWhat not you do to make your life secured? For so many years you are working for money, to build assets and to increase your bank balance. But have you given a thought to the idea of your money working for you? Yes, when you invest your money in life insurance plans, your money works for you. Let us see ten different ways through .. (Long Term Care)

Three common mistakes made while buying online term insurance plan

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 Rahul Sharmi (April 18, 2014)  Buying an online term insurance plan? Hope you are not making the mistakes many buyers make while selecting a plan. Term plans are mostly preferred for their cheap-price feature amongst all life insurance plans. Every insurance company offers more or less same feature-set of their term insurance plans. So it is mostly the price that people compare to find the best policy. Online term .. (Long Term Care)

Secure Your Family With A Complete Life Insurance

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 Jason William (December 30, 2011)  Life insurance refers to the contract between the insured person and the policy providing company. The company is bound to pay a designated sum of money to the beneficiary upon the death of an insured person. There are many different types of insurance policies and you need to be clear and specific while choosing the right policy. You must read all the terms and conditions of an .. (Long Term Care)

Auto Insurance Quotes

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 Pratima Mandal (October 10, 2010)  By taking the time to shop for and compare auto insurance quotes, you can find the best policy that is right for you, and many times you can lower the cost of your auto insurance coverage. Many drivers see auto insurance as a necessary expense, but one that is distasteful to them. When asked if they'd pay for auto insurance if it wasn't required by law, some admit that if they didn't .. (Long Term Care)

Over 50s Life Insurance Policy - Do not overpay

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 Faizan Khuhro (December 25, 2008)  According to the research by the Post Office, more and more people who are over the age of 50-years are using credit cards, with 76% having at least one credit card to help cover their spending. Of those who are in their 70's, 64% had stated that they use a credit card to purchase their groceries and weekly shopping. With financial stabilities looking unlikely, people within these age .. (Long Term Care)

9 Ways to Get Cheap Long Term Care Insurance

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 Vernon L Williams (December 10, 2008)  1. Buy a group policy through your employer. Since it is a group policy that is subsidized by your employer, the premium will be lower that if you purchased an individual policy. 2. Apply for coverage before your next birthday. Since your premium is based on your “issue age", the age you are when you apply for coverage, each year you wait your cost will increase by 8% to 12%. .. (Long Term Care)

Long-Term Care Insurance - Two Questions to Ask Your Insurance Professional Before Buying

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 Jesse Slome (December 10, 2008)  Yes, I want you to consider buying long-term care insurance. No, we don't sell long-term care insurance, so it doesn't matter who you buy from. But, after nearly 20 years in the long-term care insurance field, I have learned that there are smart questions to ask before you sign on the dotted line. With that in mind, I would like to share those questions and some explanation why each .. (Long Term Care)

Long-Term Care Insurance - The Best Way to Ensure Your Long-Term Care

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 Dane Petchul (November 19, 2008)  Choosing the right long-term care insurance may be the most important retirement planning you do. You hope as with all the other types of insurance you purchase you will never need to use it. The difference with long-term care insurance is that there is a much greater chance of using it than your homeowners, auto or even a catastrophic health event. Statistics indicate that more than .. (Long Term Care)

November - Long Term Care Awareness Month

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 Stephen Sikes (November 17, 2008)  Did you know that November is Long Term Care Awareness Month? Probably not. You probably don't even know what long-term care is and why you need it. This is likely why someone decided there needed to be a month dedicated to the topic Long-term care is literally care that will last for long time. This can be due to a debilitating accident or illness that requires you or someone you love .. (Long Term Care)

Long-Term Care Insurance - How Does Your Family Structure Affect the LTC Decision?

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 Dane Petchul (November 13, 2008)  The uncertain economic times recently has caused some roadblocks to financial security. There are many challenges that 77 million Baby Boomers are facing as they plan for retirement. Rising healthcare and Long-Term care costs make it critical to include Long-Term Care insurance in the long-term financial plan. An important factor in long-term care planning is your family structure. The . (Long Term Care)

Long-Term Care Insurance-Congress Declares November Long-Term Care Awareness Month

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 Dane Petchul (November 08, 2008)  Long-Term Care insurance is a necessary part of Long-Term Care Awareness Month created by Congress when the resolution was passed. Why was this passed by Congress? The government recognizes that millions of individuals tap into hard-earned savings to pay for their long-term care unless they have a plan in advance for handling these large expenses. Advance planning for this expense will .. (Long Term Care)

Long-Term Care Insurance - A Simple Explanation

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 Dane Petchul (October 20, 2008)  Long-term Care Insurance can be an effective tool for protecting your assets and estate from the high costs of senior care. Though the average nursing home length of stay is significantly higher than most people believe, 2.4 years according to a report conducted by the National Center for Health Statistics, less than 20% of long-term care is nursing home care. Home care, home health .. (Long Term Care)

How Does a Policyholder Qualify For LTC Insurance Benefits?

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 Allen Hamm (October 20, 2008)  As with all types of insurance, LTC insurance pays benefits when an “insurable event" occurs. With LTC insurance, there are two specific ways you can become eligible for benefits: Inability to perform some of the Activities of Daily Living, commonly known as ADLs. These include activities most of us perform every day and take for granted. Loss of cognitive abilities Inability to . (Long Term Care)

Long-Term Care & Life Settlements

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 Derek Wilsey (October 17, 2008)  As the number of baby boomers heading towards retirement begins to increase subsequently so will the need for long-term care. Long-term care provides services that act as an essential support system for many senior citizens who require assistance with daily living activities. While long-term care is most definitely a benefit to families who need assistance caring for the elderly, it can . (Long Term Care)

Critical Illness Insurance 04 - Types of Coverages of Critical Illness Insurance

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 Kyle J Norton (October 15, 2008)  Generally two types of critical illness insurance are available: 1. Basic coverage: Covers a limited number of conditions such as cancer, heart attack and stroke. 2. Comprehensive coverage: Covers all of the conditions in the basic coverage, plus additional conditions. The actual number and types of conditions covered can differ between insurers. Within these two plans, most companies . (Long Term Care)

Critical Illness Insurance 06 - Understand Underwriting Requirement of Critical Illness Insurance

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 Kyle J Norton (October 15, 2008)  Usually, there is a pre-screening questionnaire that will be completed and this questionnaire contains a list of uninsurable medical conditions. The use of the pre-screening questionnaire helps eliminate applications from those who are sure to be rejected. The application for critical illness insurance is similar to an application for life insurance however, there are more questions .. (Long Term Care)

Critical Illness Insurance 07 - Taxation of Critical Illness Policies

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 Kyle J Norton (October 15, 2008)  As we mentioned in previous article, critical illness insurance is a type of insurance which will pay a lump tax free benefit to the insured if he is diagnosis of one of the critical illnesses covered by the policy. The benefit is intended to help insured persons maintain their quality of life and financial independence after suffering a life-threatening illness. In this article, we .. (Long Term Care)

Critical Illness Insurance 01 - What is Critical Illness Insurance?

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 Kyle J Norton (October 14, 2008)  Critical illness insurance is a type of insurance which will pay a lump tax free benefit to the insured if he has a diagnosis of one of the critical illnesses covered by the policy. The benefit is intended to help insured persons maintain their quality of life and financial independence after suffering a life-threatening illness. Be sure to understand that critical illness insurance is . (Long Term Care)

Critical Illness Insurance 02 - The Coverages of Critical Illness Insurance

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 Kyle J Norton (October 14, 2008)  As we mentioned in previous article, critical illness insurance is a type of insurance which will pay a lump tax free benefit to the insured if he is diagnosis of one of the critical illnesses covered by the policy. The benefit is intended to help insured persons maintain their quality of life and financial independence after suffering a life-threatening illness. Critical illness .. (Long Term Care)

Critical Illness Insurance 03 - Understand the Definitions of Critical Illness Insurance

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 Kyle J Norton (October 14, 2008)  As we mentioned in previous article, critical illness insurance is a type of insurance which will pay a lump tax free benefit to the insured if he is diagnosis of one of the critical illnesses covered by the policy. The benefit is intended to help insured persons maintain their quality of life and financial independence after suffering a life-threatening illness. In this article, we .. (Long Term Care)

Long-Term Care Insurance - The Positive Impact it Has on Your Family

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 Dane Petchul (October 09, 2008)  At the time of a long-term care crisis, families are not necessarily drawn together with a positive impact. More often than not they are torn apart. At the time of crisis, decisions are made hastily, just to get through the moment. Let's look at what can happen to a young family when a long term care event occurs. Out of the blue a seemingly perfectly healthy young Mom suffers a .. (Long Term Care)

What Factors Cause Changes to Long Term Care Insurance?

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 Robert McKnight (September 25, 2008)  In our changing economy the cost of long term care insurance has become a greater concern. Medicare is changing. Increased medical technology has lengthened your life expectancy. Provisions for these extra years and levels of care are issues many of us are facing. These shifts in lifestyle are causing many to consider the benefits of purchasing Long Term Care insurance (LTC insurance). .. (Long Term Care)

What You Need to Know About Long Term Care Insurance

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 Robert McKnight (September 25, 2008)  What is long term care insurance? Long term care insurance is a type of health insurance designated to provide care for individuals living with a chronic illness or injury. Long term care insurance provides both medical and non-medical assistance to the insured, whether in a care facility such as a group home or a nursing home or living in their own home and in need of help with their .. (Long Term Care)

Long-Term Care Insurance - Where is it When You Need It?

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 Dane Petchul (September 17, 2008)  I cannot tell you how often I get a call from a distraught husband, wife, life partner, children or nieces or nephews of people they love. The call usually goes something like this. "My wife has been having trouble managing the household chores, shopping, etc. and just staying organized. " "My husband just came back from the Doctor's office and was diagnosed with early stages of .. (Long Term Care)

What Women Need to Know About Long Term Care Insurance

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 Robert McKnight (September 11, 2008)  If you have assets you want to protect, can afford the premiums, and want to be sure someone other than the government will take care of you should you need it, then long term care insurance is for you. This is especially true if you are a woman. Long term care insurance is a key component of a sound financial plan. Why Do Women Need Long Term Care? Women have a significantly higher .. (Long Term Care)

How to Find a Good Home Health Care Caregiver

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 Robert McKnight (September 11, 2008)  How does one choose the best home health care caregiver? When you or a loved one needs long term care, keeping it simple is always the way to go. For most people who have limitations in their daily activities, the best type of care is the at-home type. Having a caregiver who comes by on a daily or semi-daily basis to help with the tasks you can no longer perform is an ideal solution. .. (Long Term Care)

Long-Term Care Costs - What Are They in Your Area?

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 Dane Petchul (September 11, 2008)  Most people are misinformed on who exactly pays for long-term care. Medicare and other health insurance do not cover most of long-term care services. So now it's important to understand. . . how much will it cost me? It is important to know what the costs of Long-Term Care are in your particular area. The costs vary by facility type: nursing home, assisted-living facility or your own .. (Long Term Care)

What Exactly is Long Term Care Insurance?

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 Robert McKnight (September 10, 2008)  Long term care insurance is an insurance policy that will cover your medical expenses not covered by any of your other medical insurance plans in the event you need long term care. Long term care is care that is provided to you when you can not carry out the needed functions for daily living. When people think of care they usually think of nursing homes, and although this may still .. (Long Term Care)

Long-Term Care Insurance - Helps You Plan For Your Future

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 Dane Petchul (August 16, 2008)  Long-term care insurance is a necessary part of responsible planning for your future. Most people spend their lives planning for the best quality of life. Quality of life is different for everyone. One may want to sit on the beach while others would rather play tennis or golf. We work hard to provide for the best quality of life while we are young and physically active. When it comes .. (Long Term Care)

Long-Term Care - Who Will Look After You?

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 Dane Petchul (August 11, 2008)  The long-term care crisis is upon us. States are encouraging private citizens to purchase long-term care insurance to take the burden off the government. The government is already having trouble paying the cost of long-term care for the indigent elderly. The Partnership programs continue to develop ways to educate consumers on the risks associated with long-term care. Many states .. (Long Term Care)

Long Term Care Insurance - A Matter of Timing

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 Sharon Elrod (August 11, 2008)  A reader recently sent us an email as a result of reading one of our blog posts. He said Baby Boomers need to be aware of a couple of important issues regarding long term care insurance and the application process: It is easier to qualify and less expensive if the application can be made prior to age 60, at which point, the cost increases significantly. The strength of the company .. (Long Term Care)

Long-Term Care Insurance Policies Pay Benefits

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 Dane Petchul (August 06, 2008)  The long-term care insurance industry paid out $3.5 billion in benefits to individuals holding long-term care insurance policies in 2007 according to a study released by the American Association for Long-Term Care Insurance. Approximately, 180,000 Americans received benefits. The AALTCI compiled the data from over 60 long-term care insurers who represent 98 percent of all policies .. (Long Term Care)

Guidelines For Selecting the Right Long-Term Care Insurance Policy

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 Dane Petchul (August 04, 2008)  Care Settings: There are 3 main types of policies: 1. Home Healthcare Only 2. Facility Care Only 3. Comprehensive (this is a combination of the two). Home Health Care Coverage, for example, means you receive insurance benefits covering in-home care services provided by a licensed or registered practice nurse or therapist. Respite Care guarantees a facility will offer some help about .. (Long Term Care)

Long Term Care Planning - Not Just For the Elderly

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 Bryan Laverman (August 02, 2008)  LONG TERM CARE INSURANCE A brief look at LTC coverage and the compelling reasons for it. The interest in long term care insurance has been rising as more Americans are living past age 80. Yet, a 2006 AARP study noted that most Americans surveyed were underestimating the rising costs of LTC, and presupposing that government programs would provide adequate assistance. The different care . (Long Term Care)

What is Critical Illness Insurance

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 Jack Moran (July 30, 2008)  Critical Illness insurance has everything to do with living and absolutely nothing to do with death. It's what most people would need should they ever contract a critical illness (e. g. , stroke, heart attack, cancer etc. ) and survive the ordeal or diagnosis for 30 days.   With few exceptions, a person must simply live for 30 days beyond the date of diagnosis. That's it! Then a .. (Long Term Care)

Long Term Care Insurance Gives You Peace of Mind

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 Dane Petchul (July 29, 2008)  Long-term care insurance is purchased for many reasons. In this article I focus on the number one reason you should purchase long-term care insurance. Long-term care insurance puts a plan in place that provides for your loved ones and brings peace of mind at the same time. Everyone knows a family that has suffered a catastrophe. Long-term care events happen to young working adults as .. (Long Term Care)

What Does Long Term Care Insurance Cover?

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 James J. Robinson (July 25, 2008)  Long term care insurance is designed to protect you and your loved ones in the event that long term care is needed. Nearly one out of every two persons who are age 65 and older will likely spend some time in a nursing home. The average dollar amount for nursing home expenses per year is $30,000. However, if you live in a major metropolitan area the average costs rises to around $60,000 .. (Long Term Care)

How to Find Cheap Nevada Long Term Care Insurance Rates

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 James J. Robinson (July 24, 2008)  Finding cheap Nevada long term care insurance (LTCI) may seem like an impossible task. However, if you compare the average insurance premiums (about $250/month) to the daily rate of a nursing home stay (about $250/day), long term care insurance seems like quite the bargain. On average, the cost of a monthly LTCI premium would pay for one day of nursing home care. Even if you end up .. (Long Term Care)

How to Find Cheap Oklahoma Long Term Care Insurance Rates

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 James J. Robinson (July 24, 2008)  While Oklahoma long term care insurance may not always come cheap, it is a bargain compared to the cost of paying for your long term care without it. The key to getting an affordable OK long term care insurance (LTCI) policy is to buy it early when premiums cost less and before health conditions develop. If you are looking for coverage later in life, there are still some things you can . (Long Term Care)

Canada Critical Illness Insurance

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 Jack Moran (July 24, 2008)  Critical Illness & the Benchmark definition Challenge By now most people have heard of “Critical Illness Insurance" an insurance benefit that protects the individual while they are still alive. This type of insurance plan pays a lump sum benefit tax-free in the event that you survive one of the covered illnesses or conditions (most plans have 20 plus covered conditions) by .. (Long Term Care)

How to Find Cheap Maine Long Term Care Insurance Rates

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 James J. Robinson (July 23, 2008)  It is very important to plan ahead and find cheap Maine long term care insurance rates when you consider that the average long term health care costs in Maine range from almost $24,000 per year for in-home care to just over $60,000 per year for nursing home care. Assisted living care costs are closer to in-home care costs at an average of almost $28,000 each year. Many people consider .. (Long Term Care)

How to Find Cheap Colorado Long Term Care Insurance Rates

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 James J. Robinson (July 23, 2008)  All Colorado residents should be interested in how they can find cheap CO long term care insurance when one considers that long term care needs affect more than just one individual person; they can greatly affect that individual's family. Statistics show that about 25% of people will spend over a year in a nursing home. Others may need in-home care, adult daytime care, or the services .. (Long Term Care)

How to Find Cheap Delaware Long Term Care Insurance Rates

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 James J. Robinson (July 23, 2008)  When searching for cheap Delaware long term care insurance rates it is important to understand that long term care insurance differs from traditional medical insurance. Instead of covering your medical treatment for a specific problem, long-term care insurance helps a person maintain his or her lifestyle. The cost of long term care can be staggering, but when considering purchasing a .. (Long Term Care)

How to Find Cheap Kansas Long Term Care Insurance Rates

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 James J. Robinson (July 23, 2008)  When searching for the cheapest Kansas long term care insurance rates it is crucial to understand the four basic ways that KS residents can pay for long term care. These 4 ways are Medicaid, Private Pay, Medicare, and long term care insurance. Although Medicare may pay for some long term care, that care is usually only approved for a limited time. Private savings can quickly become .. (Long Term Care)

Long Term Care Insurance Need What to Consider Before You Purchase

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 Robin Boddy (July 22, 2008)  There isn't anybody who likes to think about having a physical or mental frailty that would cause them to need help with daily activities. But about 70 percent of people now over age 65 will, at some point, require such assistance. Some people might decide to hire a home health aide, while others might choose to move into an assisted living facility or nursing home. Whatever the .. (Long Term Care)

Long Term Care Insurance and What a Long Term Care Specialist Can Do For You

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 Dane Petchul (July 22, 2008)  A long-term care specialist has his clients’ interest at heart. He/she is an independent agent with no ties to one particular carrier or another. The companies all pay the agents the same. The insurance industry is regulated by the State Department of Insurance. No one agent can sell the same plan with the same benefits for a different price. So, why seek counsel with a Long-Term . (Long Term Care)




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