Long Term Care Insurance Companies
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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. […]
The Unaffordability of Long Term Care
A recent study by the AARP Public Policy Institute concludes that the likelihood of needing long term care in retirement poses a significant challenge for most households. The cost of long term care has risen each of the past five years with annual costs of $40,000-$80,000 that would financially devastate many American families. Since most […]
Ignore Long Term Care Planning at Your Peril
There are many reasons American seniors ignore long term care when planning for retirement, but none of them are good reasons. Some seniors mistakenly believe they’re not likely to ever need care even though statistics indicate otherwise. Many mistakenly believe that Medicare will pay for care if they need it although Medicare pays for no […]
CalPERS Board Adopts Long Term Care Insurance Rate Hike
CalPers long term care insurance plan has approved an 85% rate hike for existing policyholders to keep its LTC plan financially viable. In addition, they will create a secondary program with limited benefits designed to cost no more than their current long term care plan. READ MORE
Medicare Settlement Does Not Expand Long Term Care Benefits
In the past, a doctor had to assert that a patient would improve to be eligible for skilled nursing care and rehab through Medicare. Now patients will be eligible for the Medicare benefit even if the care only helps maintain health status, not improve it. Medicare only provides coverage for skilled care for up to […]
