Unfortunately, it doesn't always work that way. It's probably the hottest market in the insurance industry. If you haven't been pitched on long term care insurance yet, you won't have to wait long. Insurance companies and agents are seeing big dollar signs in this emerging market. Even if you're not in California, the Partnership for Long Term Care is an idea that will be visiting your state in the near future.
Some plans promise lower prices, special discounts, and better benefits.
By bypassing the insurance companies completely. The idea of bypassing insurance companies may sound good. And not all self-funded plans are doomed to failure. But you need to understand the mechanics of pricing in order to evaluate any self-funded plan. They are sold by insurance companies, insurance agents, banks, savings and loans, credit unions and, before long, might even be available at your local 7-11.