Health Insurances

Individual Health Insurance for Long-Term Care Protects Your Savings US Insurance Online Web Site Helps Families Make Crucial LTC Decisions

Austin, Texas (PRWEB) June 2, 2008 -- US Insurance Online today announced a new Web site that educates families about the costs and benefits of individual health insurance for long-term care.

In today's economic climate, every dollar counts and long-term care insurance is a way to protect your savings. These days, LTC insurance covers assisted living at home, and an array of social and support services as well as nursing home care.

The cost for one year in a nursing home is $40,000 to $100,000 and round-the-clock home care can be just as expensive.

"It's not something any of us wants to focus on," says US Insurance Online president, Ryan Patterson. "We'd rather spend money on vacations or sending our kids to college. Or even saving for retirement."

But it's not a good idea to ignore this option: about one fourth of individuals over 65 will end up needing LTC for one or more years. Two-thirds of seniors will need it at some point in their lives for a shorter period.

"No one likes to contemplate health problems for family members," says Patterson. "LTC insurance is the last thing you want to buy, but it could be the protection you need."

US Insurance Online simplifies the process of buying insurance by offering free, no-obligation price quotes on 20 different lines of insurance from more than 200 insurance companies. That includes health insurance quotes. The site's well-researched articles and tips demystify insurance and help consumers understand what policy types and coverage they require.

An article on the site advises that unless you have very little money and qualify for Medicaid, or so much money you can pay bills out of your own pocket, you should consider long-term care (LTC) insurance for yourself and for your parents.

Many think Medicare will cover long-term care costs. The fact is; it does not. Medicare pays for short-term medical care at home or for a limited stay in a nursing home, but only after a hospitalization and only after a number of criteria are met. Medicaid pays for long-term care, but not until people have already used up the majority of their financial assets.

Insurance providers offer lowered or locked-in rates if LTC is purchased well in advance of its use. Another plus is that most LTC premiums also qualify for tax breaks.

A long list of useful tips and considerations is provided on the USInsuranceOnline.com Web site for the benefit of consumers, including how to perform a background check on the financial health of your provider. Companies such as A.M. Best and Moody's do annual evaluations on all insurance companies.

Finally, for all of these LTC options, remember the bottom line: Will your careful plan provide complete coverage, overall savings, and real value, or merely cut down on annual costs?

About USInsuranceOnline.com

USInsuranceOnline.com serves consumers who want the best insurance policy for their needs at the lowest price -- without spending their whole lives doing it. Busy singles, active families, businesspeople and seniors all benefit from the site's wide product selection and well-organized consumer education sections.

The site has been in operation for more than three years and has recently been re-launched with a new look, easier navigation, more insurance companies to choose from and a host of useful, easy-to-read articles about every facet of insurance. Company founders Ryan Patterson and Jim Waltrip are based in Austin, Texas.

For more information, visit www.USInsuranceOnline.com.

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