Should I Buy Long-Term Care Insurance?

One of the most frequent questions I get from clients is whether to buy long-term care insurance. With the average cost of a private room in care facilities topping $94,000 a year, according to a 2013 study by insurer John Hancock, it’s a reasonable concern. Many of us will need some form of long-term care (LTC), so the question of whether to buy insurance to help with the associated costs is a real one. I think the decision is a very close call. At …

Poll: If Court Rules Against Obamacare Subsidies, Most Want Them Restored

A new poll finds that most people think Congress or states should act to restore health insurance subsidies if the Supreme Court decides later this year they are not permitted in states where the federal government is running the marketplace. The court in March is set to hear King v. Burwell, a lawsuit arguing that the wording of the Affordable Care Act means that financial assistance with premiums is available in only the 13 states that created and are running …

Obamacare Enrollment for 2015 on Track to Surpass Target

WASHINGTON (AP) — Some 9.5 million people have already signed up for 2015 coverage under President Barack Obama’s health care law, and the administration is on track to surpass its nationwide enrollment target set last year. The Health and Human Services Department said Tuesday that more than 7.1 million people signed up in 37 states where the federal government is running the insurance markets, and another 2.4 million signed up in states running their own exchanges, through the middle of …

Fewer Struggle With Medical Costs as Obamacare Expands Coverage

WASHINGTON (AP) — Not only do more Americans have health insurance, but the number struggling with medical costs has dropped since President Barack Obama’s health care law expanded coverage, according to a study released Thursday. The Commonwealth Fund’s biennial health insurance survey found that the share of U.S. adults who did not get needed care because of cost dropped from 43 percent in 2012 to 36 percent last year, as the health care law’s main coverage expansion went into full …

Number of Health Plans to Grow in Second Year of Obamacare

By Mary Agnes Carey, Kaiser Health News Staff Writer The number of health insurance companies offering plans in the marketplaces this fall will increase by 25 percent, giving consumers more choices for coverage, Health and Human Services Secretary Sylvia Burwell announced Sept. 23. When the marketplace enrollment reopens in November, 77 new insurers will be offering coverage in the 44 states for which HHS had data, which includes the 36 states that use the federal marketplace and eight states that …

Cost of Retiree Dental Plans May Give You a Toothache

Boomers retiring without dental benefits, and Medicare recipients who don’t have a Medicare Advantage plan, may be surprised and dismayed by the latest study on the cost of dental coverage. Consumers paid an average $382 annual premium for a stand-alone dental plan through a government exchange this year, and that didn’t include deductibles and copays, according to the analysis of dental plans on the federal exchange by the website HealthPocket, which compares health plans. Deductibles averaged about $500 a year …