For anyone who has looked into purchasing insurance for ltci completelongtermcare.com/ he or she would know that this type of coverage is expensive. Premiums range from $1,000 to $7,000 and for some, that’s just not acceptable for their budget. However, if people only realize that paying this annual premium is much better than shouldering the annual cost of long term care services by themselves, they’ll immediately secure a policy today.

Another way to have an affordable long term care insurance plan is to review the benefits you have on your policy. Check your benefit period and daily benefit amount and consider lowering them to about 15-20% to pull your rates down to a more affordable amount without becoming underinsured on your benefits.

You also need to adjust your elimination period, add more days to extend the time that you will shoulder the cost of your long term care services on your own. But, make a realistic call regarding the number of days you add and make sure you do have the finances to get by within those days.

To know more about how you can tweak your policy to get lower premium rates, it is always best to consult with your long-term care insurance agent. He or she can guide you in tailoring a better plan and also explain what other options you have in order to make your payments more affordable.