Los Angeles, CA, March 09, 2016 --(PR.com
)-- Consumers interested in the protection offered by long term care insurance are often finding it difficult to meet the application's increasingly stringent health requirements. As a result, many are turning to an alternative form of coverage that offers easier-to-meet requirements reports the National Advisory Center for Short Term Care Information.
"A significant percentage of older Americans have existing health issues that make them ineligible to apply for traditional long-term care insurance, but many would qualify for alternative plans available today," declares Jesse Slome, director of the National Advisory Center for Short Term Care Information (NACSTC), a national insurance trade group. "Unfortunately, insurance agents don't bring up these options which is a disservice to consumers."
According to Slome, a number of leading insurers offer policies with less stringent health requirements but still will pay for up to one year of home care, assisted living or skilled nursing home expenses. "These policies are often called short term care insurance but for many people they will provide all the protection they will ever need at an affordable cost," Slome points out.
Research revealed by NACSTC reports that some 41 percent of all long-term care insurance claims last one year or less. "Of course there are long term care situations that last three years and even longer, but if the choice is no protection or some, I'd strongly encourage more people to get some," Slome advocates.
Because short term care insurance policies offer limited benefits, insurers need not apply as rigorous health standards for applicants. "Some of the applications ask 10 or 11 Yes-No questions and some have as few as five," Slome explains. "If you have some existing health issues, take prescription medications or have been declined for traditional long term care insurance, these policies are definitely something to consider."
To learn more about short term care insurance or to request no-obligation information and short term care insurance costs Slome recommends visiting the National Advisory Center for Short Term Care Information's website at www.shorttermcareinsurance.org.