Long-term-care insurance is more expensive than it’s worth for some people
1 Determine if you qualify financially Don’t buy if the out-of-pocket cost for the coverage would be more than you can afford. Consumer Reports advises people that if their net worth, excluding their home, is below $300,000, long-term-care insurance is not a good buy for them. The National Association of Insurance Commissioners also recommends that consumers spend no more than 5 percent of their ...

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...

Fitch Affirms Coventry's IDR at 'BBB'; Outlook Stable
Fitch Ratings has affirmed the long-term Issuer Default Rating of Coventry Health Care, Inc. at 'BBB' and has affirmed the 'BBB-' ratings on the company's senior unsecured securities.

Tips on buying a long-term care policy
1 Determine whether you qualify financially. Don't buy if the out-of-pocket cost for the coverage would be more than you can afford.

Fitch Affirms WellPoint, Inc.'s IDR at 'A'; Outlook Stable
Fitch Ratings has affirmed the long-term Issuer Default Rating of WellPoint, Inc. at 'A' and the Insurer Financial Strength ratings of WellPoint's operating subsidiaries at 'AA-'.