It is certainly possible to find a cheap AIG long-term care insurance policy. First, let’s learn a little bit more about AIG/American General and see if they may be a smart choice for the long term care insurance needs.
Who may be AIG Long Term Care Insurance Company?
AIG stands for American International Group, Incorporation. They are a world leader in insurance policy and also in financial services. They have offices and operations in over 140 countries world wide to serve their particular customers from all over the globe. American Global Group, Inc. or AIG providers institutions, companies and individual clients from around the globe with insurance policies which range from auto insurance to life insurance and monetary planning. They also offer retirement services and long term care insurance around the globe. If long term care insurance is a new comer to you, you’re probably seeking each information and a secure provider for your needs. Here are some answers to your questions.
What exactly is Long Term Care Insurance?
Your simple health insurance is designed to cover well and sick doctor visits as well as several emergency and surgical procedures. But what goes on after your insurance has met its obligation financially if you still need care? It’s not uncommon for injuries and illnesses to result in a lessened ability for patients to take care of their daily living needs. While this require is most commonly associated with the elderly, younger incident victim or suffers with both acute and chronic diseases often see them selves in this position too.
Whilst Medicare will kick in full payment for up to 20 days and partial help for up to 80 in come cases, you need to ask yourself if your current financial situation can cover the rest. So what might that be?
How Much May i Expect To Pay For Long Term Care Without having Additional Insurance?
The cost of long term treatment can be budget breaking. In today’s market a person without long term care insurance can get to pay over $1, 000 per week and upwards of $54, 000 annually. In years to come these cost will continue to rise. Paying these expenses out of your own pocket can lead to monetary ruin rather quickly. With long term treatment insurance you can save yourself from these excessive medical costs. Also, consider the potential headaches it will save your loved ones in case you already have this plan in order.
If you liked this post and you would like to acquire extra data regarding Demenzversicherung Kassel kindly take a look at our own web page.
I Am With limited funds; Does AIG Have A Plan For Me personally?
AIG has long term care insurance policies to fit every budget, income plus lifestyle. By purchasing your policy previously in life you will have lower premiums since you are not a high risk for needing long term care insurance in the near future. Along with AIG long term care insurance they can help you to customize a long term care insurance coverage that is right for you. With each program you can pick the amount of coverage you wish to have that will fit into your budget.
So what do You Mean By Picking The Amount Of Coverage I Want?
Picking the amount of insurance coverage means that you can decrease the amount of healthcare expenses your long term care insurance coverage will cover. For instance one day of long-term care in a facility cost about $150. You can choose for your plan to only cover up to $100 from the fee for the medical care at the service, more or less. Of course you will be left to pay the rest but at least you will have several medical expense coverage and safety.
You can also choose to lower the amount of times your long term insurance policy will cover your own medical expenses. For instance, you can choose to have up to 6 months of long term care medical expenses covered rather than 3 years. Lowering the amount of coverage your own policy will give you will also lower your monthly premiums and offer you a more budget friendly choice. AIG long term insurance company is there to help you pick and customize a long term care insurance policy that not only offers you protection but is also affordable.