Should You Buy Long-Term Care Insurance? Maybe Not
Private long-term care insurance can be an important tool to protect against the risk of needing costly personal assistance in old age. But two respected financial economists conclude it is very expensive relative to the benefits it provides and may not be appropriate for many buyers. At the same time, a new consumer brief from ...
What Happens After CLASS?
My best guess is that Congress will formally repeal the CLASS Act in 2012. Already abandoned by the Obama Administration, CLASS has no champion on Capitol Hill and is likely to fall victim to implacable Republican opposition and a lack of Democratic support. Thanks to technical budget rules, Congress can now kill the national, voluntary long-term care insurance program without adding to the ...
Taxing Matters: Insurance a key option for paying for long-term care
Long-term care includes a broad range of medical and support services for people with a degenerative condition (such as Parkinson's or stroke), a prolonged illness (such as cancer), or a cognitive disorder (such as Alzheimer's). It involves providing assistance with the activities of daily living an...
Americans Ignore Need for LTC Planning Despite Knowing More About the Risks
BOSTON , Jan.10, 2012 /PRNewswire/ --Â According to a recent national survey of 1,000 Americans, more know the basics of long-term care (LTC) and LTC insurance than five years ago and a majority believe ...
What to look for in long term care insurance
Long term care insurance is growing in popularity here in the United States. However, premiums have risen drastically in recent years. The costs of coverage can be quite expensive, especially if an applicant waits until retirement age to purchase it.