long-term care insurance

Demographic Graphic
A major demographic shift is happening. The ages 85+ population is projected to triple between 2015 and 2050. In comparison, the population younger than age 65 will increase by only 12 percent.
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The 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.
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If you're a woman shopping for long-term care insurance, prepare for some unwelcome news.
Cain speaks during remarks to the Family Research Council's Values Voters Summit in Washington
Republican 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.
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