long-term care insurance

Private Long-Term Care Insurance: Tiny Vessel on a Turbulent Sea

Posted on 07/9/2013 by |AARP Blog Author | Comments

Public Policy InstituteThe cost of long-term care (LTC) is tremendous: nearly $84,000 annually for a nursing home and typically more than $30,000 a year for home care. Among people turning 65, more than two-thirds will eventually need LTC — services that are not covered by Medicare or private health insurance. Given this risk, you might expect sales of private long-term care insurance (LTCI) to be strong. But they’re not. Private LTCI was launched in the early 1980s, but only about 11 percent …

For Long-Term Care, Women Charged More

Posted on 11/28/2012 by |Personal Health and Well-being | Comments

Bulletin Today | Personal HealthIf you’re a woman shopping for long-term care insurance, prepare for some unwelcome news. Genworth Financial, one of the country’s biggest long-term care insurers, has announced that early next year it will start charging more for women than men — from 10 to nearly 40 percent more, the Wall Street Journal reports. Other insurers are expected to follow suit, said a spokesman for the American Association for Long-Term Care Insurance, a trade group. The increase is a reflection of the …

The Takeaway: Cain Wants Chilean-Style Private Pensions in U.S.; Long-Term Care Insurance Program DOA

Posted on 10/17/2011 by |Brooklyn, NY | Comments

Bulletin TodayRepublican presidential candidate Herman Cain is touting an alternative to Social Security based on a private pensions model instituted in Chile a generation ago; HHS ditches plan for long-term care insurance.