This is the amount of money that a policyholder pays to an insurance company in order to keep an insurance policy in force.
Many people have HSA's and don't know they can pay for their affordable Long-Term Care Insurance with pre-tax money. New 2021 contribution limits were announced by the IRS allowing people to contribute more money to HSAs.
A study shows Long-Term Care Insurance premiums can vary as much as 100% or more from one company to another. As you plan for the financial costs and burdens of aging before you retire be sure to shop for the most affordable coverage.