LTCi then helps make sure that there are enough funds available to avoid placing an undue burden on any one person or group of loved ones or friends. If you are a Senior concerned about the High Cost of Long term Care but really cannot afford the High cost of Long term Care Insurance Premiums then Annuities with a Long Term Care Rider may just be the solution you seek. The decision to purchase long term care insurance is a very important financial decision that should not be rushed. Their are low cost Alternatives available for seniors who just can't afford the rising cost of these Premiums. Another difference pertains to the usage of life estate survivorship deeds. One of the major changes on February 2, 2006 was the enactment of the DRA (Deficit Reduction Act) of 2005. Legal changes: Again, the federal government and some states have now changed the rules on what Medicaid applicants can legally do to qualify for benefits. Duane Lipham is a Certified Long Term Care (CLTC) consultant. Long term care insurance is not just for older people, accident or major illness can require extended care and financial resources. Here are some qualification rules in use by the State of Missouri as published in the Consumer Guide for seniors from the official Web page for the State ( (For other States check the State.gov web page and then search on insurance and long term care). Well, according to the U.S Department of Health and Human Services, the facts are that the odds that a person that is now 65 years of age will need some form of long term care is very significant. The law now treats these as if the gift never took place for Medicaid eligibility. With the three quotes I reviewed the difference ranged between 7% and 22%. They can help you find and select an insurance carrier that will best fit your needs because of the extra training and education they have received in this field. Baby boomers are called the sandwich generation because many are caring for an elderly parent with medical needs while putting a child or children through college. First, one should gather information on long term care insurance. Online service is a great way to research long term care policies and company offerings. According to a 1999 report from the National Council On Aging, 80% of all long term care is provided by family members, two-thirds of whom may still be working either full or part-time. Long term care insurance is an important financial planning tool, and it's important to apply while you're still healthy. Such treatment can cost hundreds of thousands of dollars, and so it is clear that a comprehensive auto liability policy can help protect against such a major financial threat. Prices vary depending on how old you are, how much long term care insurance you want to purchase, the kinds of options you choose to go along with your long term care insurance policy, and of course the long term care insurance provider you choose to purchase your policy from. If you consider the cost of long-term care which could stretch to more than $50,000 per annum in some instances, long-term care insurance could prove to be an excellent investment for the long term. Some of the more common illnesses were Alzheimer's disease, cancer, strokes, and stability and mobility issues. Many Insurance companies offer Annuities and Equity Indexed Annuities with a Nursing Home Benefit. Second, some states promote co-op programs to encourage citizens to purchase long term care policies. Their are low cost Alternatives available for seniors who just can't afford the rising cost of these Premiums. Duane Lipham is a Certified Long Term Care (CLTC) consultant. The main reason to purchase long term care insurance is to avoid being a burden to loved ones and also depleting all your financial assets before you die. Even though they can cost a few thousand dollars to repair, the real threat to a person's financial assets would be a major accident where individuals are seriously hurt and may require extremely expensive medical treatment, perhaps even for a long period of time. New statistics: Even though long term care is associated with seniors and retirees, Unum, a major LTC insurance carrier, reports that in 2006 almost 58 percent of LTCi claims were for people under the age of 65. Each year that you wait before taking out long-term care insurance is likely to result in an increase in annual premiums. Over 40 percent will need care in a nursing home for some period of time.....It is difficult to predict how much or what type of care any one person might need. In Addition to the long term care benefit these annuities offer Tax Growth, Up to 10% Bonuses for the first 5 years and many other Benefits. Their strategy is three-fold: First, they have made it tougher to qualify for Medicaid. Government encouragement: Federal and state governments are now pushing hard for people to purchase their own long term care policies. Other notable influences on the cost of long-term care insurance are your state of health at the time you apply, the period of time the policy is too cover and the level of long-term care benefits that you choose to select. Their are low cost Alternatives available for seniors who just can't afford the rising cost of these Premiums.