Long Term Care Insurance Companies
Monthly Archives: June 2012
Long term care insurance is one of the most perplexing products on the market. Not only is it difficult to understand how the policies work, but it’s even harder to figure out if it’s right for you. You know long term care is expensive. You know almost 70% of seniors over age 65 will need […]
With the cost of long term care growing every year, a new industry report shows that average rates for home healthcare have remained stable with an hourly cost of $19-$21 per hour. Today half of long term care insurance claims begin with home care and most long term care policies will pay benefits for home […]
With the increased utilization and cost of care, long term care insurance companies are raising rates on new and existing long term care policies. READ MORE: Long-term care insurance rates soar
According to research, long term care will cost the average nursing home resident half of their assets. Medicaid pays about $120 billion a year on long term care services for the indigent who are unable to pay for care themselves. READ MORE: A Nursing Home Stay Can Ruin Your Finances
New filial support laws may be used to go after the adult children of nursing home patients to help pay for long term care bills. READ MORE: Are You on the Hook for Mom’s Nursing Home Bill?