Advertisement
The Body: The Complete HIV/AIDS Resource
Follow Us Follow Us on Facebook Follow Us on Twitter Download Our App
Professionals >> Visit The Body PROThe Body en Espanol
   
Ask the Experts About

Workplace and Insurance IssuesWorkplace and Insurance Issues
          
Rollover images to visit our other forums!
Recent AnswersAsk a Question
  
  • Email Email
  • Glossary Glossary


LTC coverage
Nov 28, 2007

My employer will start offering LTC at the beginning of the year through Met Life. A few weeks ago, the reps were in and told us that there are no exclusions if we were to sign up during open enrollment, as well as no medical or financial underwriting questions/requirements. There are a few different coverages available, which I understand. The important question is is this something I truly need and would it be worth it? I've always heard that this coverage is quite expensive -- thankfully I'm in my late 20s -- but the upside is that one of the policies offer compound inflation for both reimbursement and cash policies and I know the younger one is, the cheaper it is.

What do you suggest I do? Get as much as I can possibly afford or get a basic policy that would offer me something, which is better than nothing? The other thing is that there are coverages for 1, 3, 5, 10 years and unlimited time.

I really don't how much of a benefit this would truly be considering I'm not sure what the cost is at this point. I have a one-on-one meeting scheduled with the rep in the beginning of December, but, obviously, I'm not about to tell him anything re my health situation and cannot trust that he would guide me in the right direction.

Thank you in advance for any suggestions you may have.

Response from Ms. Franzoi

I think this is something you should discuss with a financial planner.



Previous
re:hsbc life insurance
Next
secondary insurance termination

  
  • Email Email
  • Glossary Glossary

 Get Email Notifications When This Forum Updates or Subscribe With RSS


 
Advertisement



Q&A TERMS OF USE

This forum is designed for educational purposes only, and experts are not rendering medical, mental health, legal or other professional advice or services. If you have or suspect you may have a medical, mental health, legal or other problem that requires advice, consult your own caregiver, attorney or other qualified professional.

Experts appearing on this page are independent and are solely responsible for editing and fact-checking their material. Neither TheBody.com nor any advertiser is the publisher or speaker of posted visitors' questions or the experts' material.

Review our complete terms of use and copyright notice.

Powered by ExpertViewpoint

Advertisement