The individual Long Term Care market is changing. Most insurers are moving toward gender based pricing which will increase the cost for most women purchasing new policies. There are a few states that haven’t approved the practice and some are looking to ban it- but the majority of states will see gender pricing.

The good news is that gender-based pricing is not allowed on employer-sponsored Long Term Care Plans. This should translate to a savings of 30-60% for female employees and has a negligible impact on males. In addition, employer sponsored plans generally see less restrictive underwriting with potentially better benefits and the convenience of payment though payroll deduction.

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