These averages tend to understate the cost of care in urban areas. Whether you are married or single, with or without children, you should start considering long-term care coverage as part of your overall insurance needs. As with life insurance, it's cheaper if you start younger, but if you're less than 30, you may understandably question its value. There are several ways to keep premiums down. The first is to buy group coverage if you can, because it's cheaper than a comparable individual policy.
Many employers now offer long-term care insurance as an optional employee benefit.
Usually the employee, the employee's spouse and the employee's parents are eligible to buy coverage. You can also save money by choosing a longer waiting period, lower benefits or coverage that ends after a certain time frame. Ask the right questions What matters most are the policy benefit amounts and the specific terms of the contract. These policies are complicated, but if you ask these 15 questions, you'll come close to finding the best policy for you. Make sure that the insurance company cannot cancel your policy if it finds out that you're in poor health.