Long Term Care Insurance Options For Those With Existing Health Conditions

Increased Interest, Reports American Association for Long Term Care Insurance

LOS ANGELES, Dec. 3, 2013 /PRNewswire-USNewswire/ -- An increasing number of consumers are exploring long term care insurance options that accept individuals with existing health conditions including diabetes, cancer, Parkinson's, Multiple Sclerosis and even osteoporosis with breaks and fractures.

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"There are millions of Americans who will not health qualify for long term care insurance and each year insurers turn down a percentage of applicants who apply," explains Jesse Slome, director of the American Association for Long Term Care Insurance, a national trade group.  "As a result we are seeing increased interest in innovative products that can address some or all of an individual's long term care risk."

According to the Association, a quarter (25%) of long term care insurance applications from individuals between age 60 and 69 were declined in 2012.  "The percentage rises with age as health conditions are increasingly diagnosed," shares Slome.  For applications between age 70 and 79, the decline rate grew to 44 percent last year, AALTCI reports.

"For many Americans with extended health conditions, access to long term care insurance coverage can be challenging," states Bill Neugroschel, CEO of United Security Assurance, which offers tax-qualified, pool of money long term care insurance plans that accept individuals with a variety of health conditions.  These policies are currently available in 16 states.

"Contrary to what many consumers believe, long term care insurance was not impacted by the Affordable Care Act (Obamacare) and individuals must health qualify in order to obtain coverage," Slome notes.  "For those who were declined coverage or who would otherwise be turned down, the opportunity to obtain this important protection is welcome news."

Individuals interested in learning more about alternative options and comparisons of long term care insurance costs can contact the American Association for Long Term Care Insurance by calling 818-597-3227 or visiting the organization's website where free access to five long term care insurance consumer guides is available.


About American Association for Long-Term Care Insurance
AALTCI is the national trade organization established in 1998 to create awareness regarding the importance of planning for long term care.  For free guides outlining ways to reduce long term care insurance costs visit the Association's website.

Media Contact:
Jesse Slome
[email protected]

SOURCE American Association for Long Term Care Insurance