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Pennsylvania Long Term Care Insurance

Pennsylvania long term care insurance is important to carry if you are over a certain age and have a certain amount of assets. However, there are many things to keep in mind as you are shopping for long term care insurance in PA. Learn as much as possible about this relatively young insurance product before you take out a Pennsylvania long term care insurance policy.

Reasons To Buy Pennsylvania Long Term Care Insurance

If you are wondering whether or not you should buy Pennsylvania long term care insurance, there are some questions that you can ask yourself. If you answer yes to any of these you may need long term care insurance. If you answer yes to several of them, you definitely need it.

  1. Do you have financial assets that you would like to protect in order to pass them along to your loved ones?
  2. Would you like to avoid burdening your family with your care should you need it?
  3. Are you in a situation where there are no family members to take care of you?
  4. Do you want to avoid relying on government long term care plans in order to finance your care?
  5. Do you want to preserve your independence and have some choice in your long term care?

Things To Remember About Pennsylvania Long Term Care Insurance

Buying Pennsylvania long term care insurance can be a complicated affair. It does not help that the industry has no standard policy yet, which means making comparisons and ultimately decisions is more difficult. Some facts to keep in mind about PA long term care insurance are:

  1. More women than men actually need long term care insurance, because they are more likely to live longer therefore increasing their chances of needing such care.
  2. Most people have more than a 50% chance of needing long term care at some point in their lives.
  3. The longer you live the higher your risk of needing to use long term care insurance.
  4. If you do not have a lot of assets you may want to consider not taking out long term insurance, as it is pricey. You may spend years paying in to it, to find out that the closer you get to needing it the less you can afford to make the payments.
  5. The younger you are when you buy long term care insurance, the more affordable the premiums will be.


Pennsylvania Long Term Care Insurance Exclusions

Like every type of insurance, there are some exclusions that are not covered with a typcial Pennsylvania long term care insurance policy.

  • Pre-existing conditions. Usually insurance companies will state how much time must elapse before they can cover any pre-existing conditions, if at all.
  • Problems with Activities of Daily Living: If you happen to have difficulty performing any of the activities of daily living or ADLs, such as eating, bathing, using the toilet, continence, walking and getting dressed, you will probably be turned down for coverage.
  • Suicide or Deliberately Hurting Oneself – If any thing of this nature causes you to need care, the long term care insurance that you have purchased will not cover it.
  • Mental Disorder: With the exception of things like Alzheimer’s Disease and dementia, most mental disorders are disallowed.
  • Alcohol and  Drug Addiction
  • Anything caused by war
  • Any medical care that has been paid for through government funds

Pennsylvania Long Term Care Insurance Companies

There are a variety of long term care insurance companies operating in Pennsylvania. Before you choose one to go with be sure to thoroughly investigate them and be comfortable that they will be around when and if you need care and that their plan will cover your needs. Below is a short list of just a few of the Pennsylvania long term care insurance companies, which serve the Keystone State.

  1. Northwestern Long Term Care
  2. Genworth
  3. John Hancock
  4. Great American
  5. Massachusetts Mutual
  6. Metropolitan Life
  7. Penn Treaty Network
  8. New York Life
  9. Prudential
  10. AIG

Pennsylvania Long Term Care Insurance Quotes

When you are ready to do some serious looking around for Pennsylvania long term care insurance quotes, check out our free online quote tool at the top of this page.

By simply entering your zip code and answering a few quick and easy questions, you will have multiple quotes to compare in no time.

Get your Pennsylvania long term care insurance quote comparison now!

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