If you are not insurable, then we are very sorry. Unfortunately, we talk to many people who are not eligible for long-term care insurance. Please tell those you love the importance of starting a long-term care plan when they are younger and healthier. But if you`re in relatively good health, now it`s time to start the process. Click here to complete our simple online questionnaire and start the process. Some of the health problems that would generally not be insurable with traditional plans and most hybrid plans are: Few of us have perfect health once we are over the age of 40. While a long-term care insurance company checks your health when you apply to see if they issue your policy, you can get absolute LTC coverage if you have pre-existing conditions. People pay for long-term care in a variety of ways. These include the use of personal resources, long-term care insurance, and Medicaid for those who qualify. Medicare supplemental insurance and health insurance you might have at work usually don`t pay for long-term care. Long-term care insurance pays for some or all of the long-term care.

If your health prevents you from taking out insurance, your best and only path is self-insurance. Self-insurance requires that you have a plan on how you will pay the long-term care bill. A plan will relieve your family and friends when the time comes. This option can also be combined and combined with insurance options to find the best solution for your personal situation. Here are some of the reasons why you may not qualify for long-term care insurance: It makes sense that insurance companies are more likely to reject you as you age, as you are more likely to have developed more health problems. As you can see from the graph, even at the age of 79, there is less than a 50% chance that you will be rejected. It is important to keep in mind that many of these releases are due to the fact that each company`s policies are not properly investigated. While one company may reject you, you may be approved by another. There are also more common diseases that, if they occur in combination with others, would make a person unfit for coverage. For example, an applicant with diabetes combined with an increase in height-to-weight ratio or tobacco consumption not only has to deal with two diseases, but these increase the risk of chronic disease.

An applicant`s height-to-weight ratio or tobacco use almost always directly affects other conditions, increasing the likelihood of becoming “chronically ill” and would therefore be rejected. It is possible to get coverage if you have diabetes. However, keep in mind that carriers will consider the type of diabetes you have before approving your application. People with type I diabetes cannot produce insulin to maintain normal glucose levels, while people with type II diabetes can produce insulin, but the body is resistant to moving sugar out of the bloodstream and is inefficient. To get accurate quotes and information, you need to share all of your medical history with a long-term care insurance specialist – Work with a specialist | LTC News – so that they give the right recommendations. Make sure your specialist represents the best companies, not just one or two. Make sure they understand the underwriting rules and don`t just pass on your information to the person in the back office. LTC Consumer is a free, independent online service designed to help consumers understand what long-term care insurance is, how it works, and how to evaluate coverage options.

Our mission is to provide an educational and pressure-free resource to learn more about long-term care planning, with the opportunity to talk to specialists who can help them. Unusual or significant health problems may mean that the specialist must talk to policyholders to qualify in advance. Insurance companies want good control. You expect the health problems you need to be stable. You will look at how many medications you use, how well they are controlled, and for how long. Recent health events or changes in medications can trigger “wait times” because companies want stability. Carriers approve people with type II diabetes as long as they control their condition through medication. People with type I diabetes may receive approval, but few carriers will consider even if they are taking medication. Yes, you can purchase long-term care insurance even if you have a pre-existing condition. You don`t need to be 100% healthy to get coverage for long-term care. While you can get cheap prices if you don`t have an illness, it`s still possible to get affordable premiums if you`re taking medication or receiving treatment to treat your condition. After six months, all existing health problems would be covered.

Be sure to ask the long-term care insurance specialist for the policy you are considering. There are 3 different types of long-term care insurance: traditional long-term care, hybrid long-term care and acute care. It is important to note that although the above conditions have a chance of being accepted by some insurance companies if you have them in combination with other conditions, the likelihood of being accepted decreases. The combinations most often rejected are conditions associated with the ratio of height to weight and tobacco consumption. When it comes to long-term care insurance, there is an old saying; “Your money pays for it, but your health really buys it.” Traditionally, it certainly has the strictest health problems, as it usually offers the greatest financial advantage.