​Long-term care for seniors is on life support
​Long-term care for seniors is on life support

This August, two of the country’s biggest insurance companies, MetLife MET) and Unum UNM), will be front and center before the Florida insurance commissioner. They’ll have to explain why they’re asking some of their 70,000 policyholders for double the amount they paid in premiums last…
Long story short…
Long story short…

Long story short… If you have long-term care insurance or are considering buying it, here’s a relevant UPdate: – If you’re in your 50’s or older, you may be considering a traditional or hybrid long term care insurance policy. One that covers home care and…
Statement of California Health Advocates and United Policyholders
Statement of California Health Advocates and United Policyholders

Public Hearing: Minnesota Department of Commerce – Long-Term Care – Rate Increases and Policyholder Protections In late August, 2015, the Minnesota Department of Commerce convened a hearing to assist the Department’s fact-finding effort on long-term care insurance industry issues. The hearing provided consumers, insurance companies, and other…
Long-Term Care Insurance: Costs Are Up but Vary Widely
Long-Term Care Insurance: Costs Are Up but Vary Widely

By ANN CARRNSRates for long-term care insurance, which can help pay for care in your own house or in a nursing home, rose this year an average of nearly 9 percent, a new industry report finds.Still, rates vary greatly depending on the insurer and the…
Premiums Rise for Long-Term Care Insurance. Keep It or Drop It?
Premiums Rise for Long-Term Care Insurance. Keep It or Drop It?

By ANN CARRNSThe New York Times, MARCH 21, 2014Every day, Jesse Slome says, about a half-dozen people contact his office at the American Association for Long-Term Care Insurance, a group for industry professionals, to complain about premium increases on their policies.Financial planners, too, are hearing…
Pitfalls of Long-Term Care Insurance Products
Pitfalls of Long-Term Care Insurance Products

When Nancy Nasief was diagnosed with ovarian cancer in 2007, her husband Edmund G. Nasief Jr., a UBS advisor, wasn’t thinking about long-term care insurance. It was about the last thing on his mind. In fact, when one of the members of his advisory team,…
Report Your Long-Term Care Insurance Claim Experience
Report Your Long-Term Care Insurance Claim Experience

This week’s Your Money column discusses the difficulty that some people have encountered when trying to file a long-term care insurance claim on a family member’s behalf. I compiled some of the most common reasons that claims are denied, along with aspects of the coverage…
Why women should consider buying long-term care insurance now
Why women should consider buying long-term care insurance now

Long Term care insurance can offer protection against the sky-high costs of day-to-day care in your golden years. But if you’re a woman who’s weighing whether to buy long-term care insurance for the first time, get ready for a case of sticker shock. Women soon…
Life insurance vs. long-term care insurance: Which do you need?
Life insurance vs. long-term care insurance: Which do you need?

While life insurance is designed to protect your loved ones when you die, long-term care insurance provides money to help you maintain a good quality of life while you’re alive. But with the rising costs of long-term care insurance, some Americans with limited money may…
Most Americans uninformed about long-term care insurance
Most Americans uninformed about long-term care insurance
Go Long?
Go Long?

We all want to be well cared for and comfortable in our old age without being a financial burden to our loved ones. Long Term Care insurance can make those wishes come true. But…if you have a LTC insurance policy or are thinking about buying…
Costs of long-term care insurance on the rise; policies also changing
Costs of long-term care insurance on the rise; policies also changing

By Christine Dugas, USA TODAYJust as aging Baby Boomers are realizing they may need long-term care insurance, the marketplace is shrinking, the cost of premiums is soaring, and providers are altering the policies they offer.Long-term care insurance helps cover expenses that typical health insurance doesn’t,…
The cost of peace of mind
The cost of peace of mind

Local couple fight for their long-term-care insurance. Edwin Goldstein who has been with his long-term-care insurer since 1993 is being asked to reapply because of an alleged missed payment. Goldstein has turned to attorneys, his congressman, and state officials for help. At 83, and eight…
Facing up to the costs of long-term care
Facing up to the costs of long-term care

NEW YORK Money Magazine) — Some insurance decisions are easy. Take life insurance. You know you need it to replace the income your spouse and kids would lose if you died. Insurers don’t have much leeway to dispute claims for death benefits because “deceased” is…
Escalating long term care premiums subject of settlement
Escalating long term care premiums subject of settlement