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There are three types of long term care insurance
policies in Florida.
Facility Only: Will pay benefits for care in a nursing
home, assisted living facility or board and care facility. It's the most basic policy but often the most needed type.
Home Health Care: Will pay benefits for care in your
home, but not in a facility. The preferred policy when a home health care situation is possible.
Comprehensive: Will pay benefits for care in your
home or in a facility. This is the preferred type of plan (policy) because of it's flexibility, but is also the most expensive.
The south Florida long term care insurance specialist
with Insurance Benefit Agency will assist you in deciding which type of policy will work best for your needs. |
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There are six primary factors influencing the
premium for long term care insurance policies: |
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Type of Policy: Noted above.
Age: The most important element in determining the
premium. Naturally the earlier you start paying for long term care insurance the better.
Daily Benefit: The maximum amount a policy will pay
for one day of care. This can vary from $50 per day to over $400 per day. The average cost of a nursing home in Florida in 2002 was nearly $150 per day. You will decide whether to purchase sufficient insurance to cover all of these costs or only most of them.
Benefit Limit: The number of years that a plan will pay
a benefit from the time you get sick. Benefit limits generally vary from one year to lifetime coverage. The longer the benefit limit, the greater the protection but the higher the cost.
Inflation Protection: Sometimes called an "inflation
rider", this provides you with a way for your daily benefits to increase over time. Otherwise, the policy may not be sufficient to protect you many years from now. Long term care insurance policies normally contain riders offering automatic daily benefit increases of 5 percent each year, either at "simple" or "compounded" rates.
Elimination Period: Amount of time that you agree to
pay out of your own pocket before the plan (policy) begins to pay. This period normally varies from 0 to 100 days. The 100-day elimination period will produce the smallest premium cost to you. |
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Click on the link below to fill out a quote form for a long term care
insurance plan that truly provides first class long term care insurance coverage at an affordable cost. Or call us toll free at 1-866-454-9555 to discuss the features. |
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We provide affordable long term care insurance services to the following south
Florida counties and cities: Miami-Dade County, Broward County, Palm Beach County, Coral Gables, Kendall, Richmond Heights, Pinecrest, Howard, Coral Way Village, Westchester, Westwood Lakes, Brownsville, Sweetwater, Key Biscayne, North Bay Village, Miami Beach, Miami Springs, Virginia Gardens, Hialeah, El Portal, Miami Shores, Indian Creek, Surfside, Bal Harbour, North Miami, Biscayne Park, Pinewood Park, Opa Locka, Bunche Park, Hialeah Gardens, Palm Springs North, Carol City, Miami, Norland, Ojus, Miami Lakes, Biscayne Gardens, Hallandale, Sunny Isles Beach, Golden Beach, Aventura, Uleta, Miramar, Pembroke Pines, North Miami Beach, Hallandale Beach, Ives Estates, Pembroke Park, Hollywood, Dania Beach, Cooper City, Davie, Weston, Plantation, Playland Isles, Melrose Park, Lauderhill, Sunrise, Tamarac, Fort Lauderdale, Wilton Manors, Oakland Park, Lauderdale Lakes, Sea Ranch Lakes, Pompano Beach, Margate, Coral Springs, North Lauderdale, Lighthouse Point, Hillsboro Beach, Coconut Creek, Deerfield Beach, Boca Raton, The Hamptons, Highland Beach, Boca West, Delray Beach, Boca Pointe, Boynton Beach, Lantana, Rainbow Lakes, Atlantis, Lake Worth, South Palm Beach, Palm Springs, Greenacres, Wellington, Haverhill, Palm Beach, Golden Lakes, Riviera Beach, Glen Ridge, West Palm Beach, Lake Park, Royal Palm Beach, Jupiter, Juno Beach, North Palm Beach, Loxahatchee, Belle Glade, Palm Beach Shores, South Miami, Cutler Ridge, Princeton, Perrine, Naranja, Homestead, Florida City, and Leisure City, FL |
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Copyright 2003-2010 Insurance Benefit Agency, Inc. - All rights reserved
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Insurance Benefit Agency, Inc.
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Florida Long Term Care Insurance Specialists
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Florida Long Term Care Insurance Policy
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"Your local South Florida long term care insurance agent specialist!"
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Review More Information on Florida Long Term Care Insurance
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Long Term Care Insurance Policy
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we will provide you with a no obligation quote by phone. Choose the FL individual or group insurance coverage you're interested in from a menu above. |
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"Your south Florida
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Insurance Agent"
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Property Underwriters of Florida
Insurance Benefit Agency, Inc.
409 W. Hallandale Beach Blvd.
Suite # 215
Hallandale, Florida 33009
(305) 931-5988
(954) 454-9599
Toll Free: (866) 454-9555
Fax: (954) 843-0313
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