Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

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Inflation and Long Term Care Insurance

Posted by Melissa

Prospects of higher inflation may strike fear in the hearts of most people. However, long term care insurance policyholders may actually have quite a different reaction. Let me explain:

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Did You Know?

What is own-occupation?

Own-occupation is a sought-after feature in a disability policy. This type of policy will pay benefits if you cannot work in the field you were working in prior to the disability. If you have...

Why do I need disability insurance when there is Social Security Disability?

Social Security Disability is payable only for a total disability that is expected to last for at least a year or result in death. The definition is more stringent than individual or group...

Will my premium change over the life of my policy?

Insurance companies reserve the right to increase premiums through the life of the policy, depending on the overall claim costs, investment earnings and persistency of policies remaining in force...

What is any-occupation?

Any occupation pays your benefits if you cannot work any occupation for your level of education and training. For example, if you were a teacher and can no longer work in a classroom, but you...

Can my spouse and I purchase a Medigap policy together?

No. Each Medigap policy covers only one person. If you and your spouse would both like Medigap insurance, you will have to purchase two separate policies.

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Inflation and Long Term Care Insurance