subject: Floridians Need Long Term Care Insurance [print this page] Records of the U.SRecords of the U.S. Census Bureau show that Florida remains to be on the list of states with the highest population of elders 65 years old and over. It further supplied that Florida ranks third with the highest rate of residents without health insurance let alone Florida long term care insurance.
According to reports concerning the matter, starting 2014 everybody in the country should have a health insurance policy lest they face tax penalties. Through the Affordable Health Care for America Act, the government says there should be no reason to delay health care plans as this bill prohibits insurance companies from rejecting people with pre-existing conditions and basing premiums on age.
The said bill has put up a health insurance exchange that will allow everybody to compare policy coverage and rates, and pay monthly premiums that are lower than what is usually offered by private insurance firms. People can start shopping for their health insurance policies in the said exchange beginning 2014.
This is a good option for older Floridians who face the big possibility of paying high annual premiums especially if they have started to manifest symptoms of an illness already. Younger people, however, are encouraged to plan their future health care needs independently to ensure an extensive long term care (LTC) coverage.
Health insurance does not cover LTC and even if the health care reform has churned out insurance programs that do, you wont be able to maximize your LTC coverage as these programs are designed to benefit the general public and not address a specific persons needs.
To be able to secure a plan that will address your health care requirements and meet your budget, you have to study different types of LTC policies that are available in the market and have yours personalized.
Personalizing Your Florida Long Term Care Insurance
Florida boasts an array of nursing homes, continuing-care retirement communities, assisted living facilities, and home health care agencies with top of the line services.
Doesnt this thought inspire you to get hold of an effective LTC plan so that you can end up in one of these LTC settings rather than receive mediocre care from informal caregivers or a government funded program?
Many Floridians acknowledge the need to buy an LTCI policy but they are scared of being subjected to high annual premiums and thus postponing their LTCI policies, or worse, erasing it completely from their minds.
When one is preceded by strong fear he cant think straight or see things objectively. This is what many residents of Florida are currently experiencing and they are not to be blamed for it since the unemployment episode that took place in the state had changed their lives drastically and dwindled down their finances.
Despite that painful chapter in their lives Floridians should act with resiliency, otherwise they will drown in feelings of despair and misery. Take the first step and that is to identify your needs health care-wise.
Once you have identified your needs, step two is determining the type of care that you will need someday. After having accomplished these basic steps, contact a licensed insurance agent who is affiliated with top carriers of Florida long term care insurance policies to discuss how you can secure a good plan with your available budget. Impossible? Youll see.
by: Beatrix Lewis
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