And the good news is they'll base your rate reduction on the premium schedule that was in effect the day you first applied. Increasing benefits in any way usually requires you to re-apply at your current age. Typically, it's not recommended. If you need to increase existing coverage and don't have a GIO, we recommend you apply for a new policy that supplements your existing policy. A. Yes, by law, you can use your benefits in any one of the 50 United States or its territories.
Some policies extend coverage to Canada and some extend it worldwide.
For most healthy people that can afford it, long-term care insurance should be part of an overall retirement plan. The sooner, the better. So the sooner you apply, the easier and less expensive it is to get coverage. Once you're approved, your rate does not go up as you get older or if your health deteriorates. The longer you wait, the greater your chance of becoming uninsurable.