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Long Term Care Insurance Central afc insurance

afc insurance
Long Term Care Insurance Central is an American family-owned and operated insurance agency first established...

Long Term Care Insurance Central is an American family-owned and operated insurance agency first established in 1988. Beginning as a multi-product insurance marketer, by 1995 we changed our focus to solely include Long Term Care Insurance and Assisted Care products. We are specialists in this industry, and have dedicated our resources to helping both consumers and brokers. 

Since establishing a foothold in the Long Term Care Insurance industry over 10 years ago, we have been dedicated to educating consumers. In fact, education is the very cornerstone of our business. And because we represent a number of well-established Long Term Care Insurance companies, you can be assured that your needs will be met precisely, and at the lowest possible cost. 

Over the years, we have helped to deliver millions of dollars worth of benefits to our clients, and will continue to pursue the edicts of our mission statement: “Building Trust Through Pursuit Of Superior Customer Service” throughout this new millennium.
Throughout this website, we have done our best to answer many questions surrounding Long Term Care Insurance. We do, however, encourage you to contact us directly with questions. 

 

Long Term Care Insurance Central afc insurance

Individual Long Term Care CoverageIndividual long term care policies can be fully customized to cover all levels of either facility or home care costs. Some of the facilities covered include nursing homes, Alzheimer’s Recovery Units,
and assisted living facilities, which help patients with most “Activities of Daily Living” or ADLs. Home Health Care differs somewhat from facility care, as it takes place in the home as opposed to an outside facility. This includes service in private residences, retirement communities and adult day care. 

In fact, with most policies, all levels of care (skilled, intermediate and custodial) are covered expenses. Custodial care includes such services as home health care aides, homemaker services and companion services. 

Our Advice
We generally recommend to our clients the kind of policy benefits that also reimburse the costs of geriatric nurses and social workers who interface between the family and the healthcare providers, as well as the insurance carriers, in order to assure the best quality patient care. 

Medical Underwriting
Individual coverage plans are generally underwritten and require medical records and copies of applicable tests or lab results, if any. In most cases, there are no physical medical exams, because records are transferred via mail or fax. However, applicants over 70 years of age are often required to have a face-to-face interview to determine short term memory and cognitive status.

Acceptance Barriers
For a number of reasons, chronic medical conditions such as Fibromyalgia, Rheumatoid Arthritis, Alzheimer’s Disease, Parkinson’s, and Senile Dementia, are the leading causes for Long Term Care Insurance refusals. But that does not mean that all health problems are considered cause for refusal. In fact, many conditions, including bone fractures, or certain cancers in remission can, at times, be acceptable. Each case is different and circumstances will vary. 

Because Long Term Care Insurance underwriting is very different from life and disability underwriting, you should never assume that a refusal of coverage will be automatic. We always recommend you contact us directly before making an assumption. We are here to help. 

Benefit Ranges
Benefit reimbursement levels can range anywhere from $50 to $450 per day for any period lasting anywhere from two years to lifetime. Daily benefit amounts can also be increased over time when inflation features either on a 5% simple or compounded basis.

The number of days a policyholder is responsible for paying before benefits begin (20/60/100 days) is called the deductible. The premiums are generally determined by an applicant’s age and benefit selection without regard to gender. Spousal and marital discounts are available ranging from 10%-20%. 

Coverage component flexibility will vary between insurance carriers and can be customized for each individual participant’s goals and needs. Variations of coverage will always depend upon the age of the client, their financial goals, asset structure, income, and other available tools to help offset the costs of a care situation. 

We at Long Term Care Insurance Central sincerely hope that this information has been of help. However, if you have any questions or concerns, we recommend you contact us here.

 

Long Term Care Insurance Central afc insurance

Complete LTC Business Coverage

For Businesses With Under 25 Employees
Small business owners know that it is crucial in today’s labor market to provide competitive benefit packages and perks. Offering Long Term Care Insurance is one of the best new ways to reward employees and stay competitive, without any major financial burdens. 

In fact, because of 1997’s Kennedy-Kassebaum Bill, it is possible to deduct up to 100% tax qualified LTC premiums on behalf of an employee and spouse.
(We always recommend that our clients speak to a professional tax advisor for advice.)

Important Considerations
When Long Term Care Insurance is applied for on a group basis, and the employer agrees to pay all premiums, guaranteed issue coverage is available for all eligible employees. In this instance, no medical questions are necessary, and benefits and rates may be extended to spouses, parents, other family members, and retirees of the organization on an underwritten basis.

However, when only a select group of small business employees is interested, full medical underwriting is necessary. In such a circumstance, Long Term Care Insurance Central will prepare packages from several top-rated carriers based on employee age, state of residence, medical history, and benefit goals. 

We are dedicated to providing discounts when they are available, but this availability often depends upon the number of qualified participants and insurance company used.

We at Long Term Care Insurance Central sincerely hope that this information has been of help. However, if you have any questions or concerns, we recommend you contact us here.

For Businesses With 25-350 Employees
For mid-sized businesses, group discount Long Term Care Insurance packages are structured much like Health, Life and Disability insurance coverage. In fact, guaranteed issue plans are available from the top rated carriers with no medical questions for eligible employees. These plans offer superb discounts, as well as spouse and family coverage.

Tax Benefits
Also, as a direct result of 1997’s Kennedy-Kassebaum Bill (HIPAA Legislation), Long Term Care Insurance is often 100% tax deductible as a business expense, depending upon type of business. These plans are also quite customizable, so that all employees do not have to be provided with coverage.
(We always recommend that our clients speak to a professional tax advisor for advice.)

Long Term Care Insurance Central provides access to the best Long Term Care Insurance plans in the industry specific to mid-size business groups. In many instances, we also provide internet access to enable your organization’s members to view information on your plan in real time. Many of our clients find this service takes some of the pressure off of HR staff, and is a tremendous added value. 

If you are interested in designing a package for your organization, please contact us here.

For Businesses With Over 350 Employees
Organizations with more than 350 employees often encounter serious challenges when taking on a new benefit program. Insurance program coordination, plan selection, and information distribution are only a few examples of the issues managed each day. We have specialized in helping larger organizations control these issues since 1995. 

A Large Organization Focus
Our company provides large companies with access to the best Long Term Care Insurance plans available. With large organizations, we typically set up encrypted servers that enable easy access to insurance benefits, rates, sample applications, and information brochures. Our clients have found that this takes some pressure off of their HR departments so that they have more time to perform organization-centric tasks. 

Important Considerations
For larger organizations we offer guaranteed issue plans from top rated industry carriers without requiring medical examinations. Discounts are applied to eligible employees, spouses, parents, and other family members. Accelerated pay facilities are also available, allowing purchasers to pay premiums for an exact number of years rather than a typical lifetime, level pay structure. Significant discounts and plan enhancements are frequently available depending upon business size and benefit needs.

Tax Benefits
Also, as a direct result of 1997’s Kennedy-Kassebaum Bill (HIPAA Legislation), Long Term Care Insurance is often 100% tax deductible as a business expense, depending upon type of business. These plans are also quite customizable, so that all employees do not necessarily have to be provided with coverage.
(We always recommend that our clients speak to a professional tax advisor for advice.)

If you are interested in designing a package for your organization, or discussing the possibility of providing Long Term Care Insurance to your employees, please contact us here.

 

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