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There are six primary factors influencing the premium for long term care
insurance policies: |
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Type of Policy: Facility, Home Health Care, or Comprehensive
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Age: The most important element in determining the premium. Naturally
the earlier you start paying for long term care insurance the better. |
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Benefit Limit: The number of years that a plan will pay a benefit from
the time you get sick. Benefit limits generally vary from one year to lifetime coverage. The longer the benefit limit, the greater the protection but the higher the cost.
Inflation Protection: Sometimes called an "inflation rider", this provides
you with a way for your daily benefits to increase over time. Otherwise, the policy may not be sufficient to protect you many years from now. Long term care insurance policies normally contain riders offering automatic daily benefit increases of 5 percent each year, either at "simple" or "compounded" rates.
Elimination Period: Amount of time that you agree to pay out of your
own pocket before the plan (policy) begins to pay. This period normally varies from 0 to 100 days. The 100-day elimination period will produce the smallest premium cost to you. |
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Click on the link below to fill out a quote request form for a Long Term
Care Insurance policy that will provide excellent insurance coverage for you at an affordable cost. Or you can speak with our Long Term Care Insurance agent specialist toll free at 1-877-730-4678 or locally at (651) 730-6666 to discuss the features. |
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We are your local St. Paul, Minnesota insurance agency, offering
affordable Long Term Care Insurance policy premiums in the following Twin Cities area towns and counties: Minneapolis, Bloomington, Roseville, Maplewood, North St. Paul, Oakdale, Woodbury, Cottage Grove, South St. Paul, Inver Grove Heights, Eagan, West St. Paul, Richfield, Burnsville, Edina, Lilydale, Mendota Heights, St. Paul Park, Lake Elmo, Newport, Cedar Grove, Savage, Shakopee, Eden Prairie, Minnetonka, Hopkins, St. Louis Park, Plymouth, Golden Valley, Columbia Heights, New Hope, Crystal, Robbinsdale, Brooklyn Center, Fridley, New Brighton, Maple Grove, St. Anthony, Arfen Hills, Shoreview, Vadnais Heights, Little Canada, White Bear Lake, Mahtomedi, Grant, Bellaire, North Oaks, Gem Lake, Mounds View, Lino Lakes, Blaine, Coon Rapids, Spring Lake Park, Lexington, Afton, Lakeland, Bayport, Stillwater, Apple Valley, Andover, St. Cloud, Mankato, Rochester, Duluth, Anoka, Champlin, Andover, Oak Grove, St. Michael, Hanover, Scandia, Forest Lake, Wyoming, Rosemount, Hastings, Vermillon, Coates, Ramsey County, Hennepin County, Dakota County, Anoka County, and Washington County, MN. We also offer long term care insurance services in the remainder of Minnesota and throughout Wisconsin. |
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Proudly serving all of Minnesota
and Wisconsin for over a decade! |
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Baecker Insurance Agency, Inc.
373 Pedersen Street, Suite 104
St. Paul, Minnesota 55119
Ramsey County, MN
(651) 730-6666
Toll Free: 1-877-730-4678
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Copyright 2005 - 2008 Baecker Insurance Agency, Inc. - All rights reserved
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More Information on Long Term Care Insurance for
Minnesota Residents |
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(also Wisconsin)
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Daily Benefit: The maximum amount a policy will pay for one day of care.
This can vary from $50 per day to over $400 per day. You will decide whether to purchase sufficient insurance to cover all of these costs or only most of them. |
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Long Term Care Insurance (Nursing Care)
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There are three levels of nursing care that are covered by a long term
care insurance policy: |
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Custodial care: Care necessary due to a permanent or chronic illness
or injury, which is less intensive, but which may continue indefinitely. This nursing care helps a person perform activities of daily living or supervises a person if cognitive impairment exists. Many custodial care situations start with a mild degree of illness which is followed by slow deterioration. Alzheimer's disease is one example where custodial care is usually needed. Other types of insurance policies do not offer custodial care benefits. The value of long term care insurance for you or a family member and protecting a lifetime of created assets is never more evident than in custodial care nursing services. |
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Intermediate care: Rehabilitative care by a nurse for up to six
months and when less than 24-hours per day supervision is needed. |
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Skilled care: Short term nursing care needed after an illness or
serious injury. Consists of rehabilitative and intensive 24 hours per day care. |
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Skilled care: Short term nursing care needed after an illness or
serious injury. Consists of rehabilitative and intensive 24 hours per day care. |
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A personal insurance specialist with Baecker Insurance Agency will
assist you in deciding which type of long term care insurance policy will work best for your needs. |
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**The information, pictures, and other content in this website about
particular insurance services is only provided for informational purposes. Any decisions regarding your insurance needs should be discussed with a licensed insurance agent. |
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Long Term Care Insurance Specialists
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