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 Is 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 130 countries world wide to serve their own customers from all over the globe. American International Group, Inc. or AIG solutions institutions, companies and individual customers from around the globe with insurance policies which range from auto insurance to life insurance and economic planning. They also offer retirement services and long term care insurance around the globe. In case long term care insurance is a new comer to you, you’re probably seeking both information and a secure provider for your needs. Here are some answers to your questions.
What Is Long Term Care Insurance?
Your basic health insurance is designed to cover well and sick doctor visits as well as some emergency and surgical procedures. But what happens after your insurance has fulfilled 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 deal with their daily living needs. While this need is most commonly associated with the elderly, younger accident victim or suffers with both severe and chronic diseases often find them selves in this position too.
While Medicare will kick in full payment for up to 20 days and part help for up to 80 in arrive cases, you need to ask yourself if your present financial situation can cover the rest. So what might that be?
How Much Am i able to Expect To Pay For Long Term Care Without Additional Insurance?
The cost of long term treatment can be budget breaking. In today’s market an individual without long term care insurance can get to pay over $1, 000 per week and upwards of $54, 000 per year. In years to come these cost can continue to rise.
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Paying these expenses out of your own pocket can lead to financial ruin rather quickly. With long term care insurance you can save yourself from these crazy medical costs. Also, consider the possible headaches it will save your loved ones in case you already have this plan in order.
I Am With limited funds; Does AIG Have A Plan For Me personally?
AIG has long term care insurance plans to fit every budget, income plus lifestyle. By purchasing your policy previously in life you will have lower premiums as you are not a high risk for needing long term care insurance in the near future. Along with AIG long term care insurance they could help you to customize a long term care insurance policy 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 protection 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 policy 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 protect the rest but at least you will have several medical expense coverage and security.
You can also choose to lower the amount of days your long term insurance policy will cover your medical expenses. For instance, you can decide to have up to 6 months of long term care medical expenses covered instead of 3 years. Lowering the amount of coverage your policy will give you will also lower your rates and offer you a more budget friendly choice. AIG long term insurance company is there to assist you pick and customize a long term care insurance policy that not only offers you insurance coverage but is also affordable.