Long Term Care Insurance Companies
Tag Archives for cost
The Real Cost of Long-Term Care: The Toll of Growing Old
The aging of America takes a toll not just on the emotions of the elderly and their families but on their wallets. According to medicare.gov, 9 million Americans over the age of 65 are receiving long-term care of some kind this year. That number will swell to 12 million by 2020. Costs are also rising. […]
Costs Skyrocket for Nursing Home Insurance
The cost of long term care insurance premiums has risen as much as 17% in the last year, so many seniors question whether they really need this expensive long term care coverage. Although statistics indicate that 70% of American seniors will need long term care in retirement, many will be cared for by family members […]
CalPERS Approves Long-Term Care Premium Increase
It’s been no real surprise that many long term care insurance companies have raised their long term care insurance premiums as a result of historically low interest rates and other economic factors beyond their control. Never the less, the industry has been stunned at the recent announcement from CalPERS, the largest state-run long term care […]
What’s Killing the Long-Term Care Insurance Industry
At a time when the need for long term care protection is an all time high, seniors are not buying long term care insurance and insurance carriers are dropping their long term care coverage. All there are several factors that play into this perfect financial storm, the primary reason for this dilemma is two-fold. First […]
Cost of Long-Term Care Rises in Institutions, Stays Flat at Home
Annual survey finds continued hikes in nursing home rates but little increase in at-home care. Learn how long-term care costs in nursing homes and assisted living facilities continued to rise last year while in-home care costs did not increase at all and have risen very little in the past six years. READ MORE