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Inflation and Long Term Care Insurance

Posted by Melissa

Prospects of higher inflation may strike fear in the hearts of most people. However, long term care insurance policyholders may actually have quite a different reaction. Let me explain:

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What are the advantages of permanent life insurance?

Permanent life insurance provides a death benefit as long as you live if your premiums are paid. As with all life insurance, the benefits are paid to beneficiaries tax-free. Periodic review of...

Will my Medigap policy cover prescriptions?

No, Medigap policies no longer offer prescription drug coverage. Medicare Part D covers prescription drugs.

Can my spouse and I purchase a Medigap policy together?

No. Each Medigap policy covers only one person. If you and your spouse would both like Medigap insurance, you will have to purchase two separate policies.

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As with any significant purchase, doing your research and homework is the key to buying a plan that fits your needs now and in the future. Consider the following:

1. Where do I want to...

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The daily or monthly benefit that the policy would pay for long term care expenses vs the amount you would pay out-of-pocket. The elimination period (or deductible...

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Inflation and Long Term Care Insurance