In the old days, in order for the government pay for someone’s long-term care expenses, the person would have to spend down their assets to the “poverty level”–about $3,000 in most states.Since 2005, and the passage of the Deficit Reduction Act, most states are...
Conduct a simple Internet search on long-term-care insurance and the results are baffling. Add the words buy or quote, and it gets even more complex. For an insurance product that already has mystery surrounding it, the sheer amount of information yielded by an...
How sick is the long-term care insurance industry?The headlines are bleak:“What’s killing the long-term care insurance industry?”“Costs of Long-Term Care Rise While Payment Options Narrow”Contrary to what is often published on the internet, long-term care insurance...
Long-Term Care Facts Column: article originally published by the Redlands Daily Facts August 8, 2013:Long-term-care insurance is an emotional subject. I mean, really, who wants to talk about the possibility of needing help with bathing, dressing, and toileting?...
There are three issues concerning people who are considering long-term care insurance: The underwriting and approval process can be long and difficult Claims may not be paid in the future when care is needed, and Premiums might skyrocket forcing you to drop the...
