John Hancock to Re-enter California Individual Long-Term Care Insurance Market
BOSTON, Feb. 1, 2012 /PRNewswire/ --Â John Hancock today announced that its individual long-term care insurance would be available in California, beginning February 27, including both its new California ...
TAX TIP: Get Long-Term Care Insurance NOW to Qualify for Deduction Next Year
KIRKLAND, Wash., Jan. 26, 2012 /PRNewswire/ -- Long-term care insurance is subsidized, in effect, by Uncle Sam. "For many people, a large part of their premium cost is deductible on their federal ...
CONGRESS: How Inland representatives voted
LONG-TERM-CARE INSURANCE: Voting 267 for and 159 against, the House on Feb. 1 sent the Senate a bill to repeal the 2010 health law's section on long-term-care insurance. The program already had been shelved by the administration on grounds it would not pay for itself, as the law requires.
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 ...
How they voted
WASHINGTON — Here’s how Reps. Joe Donnelly and Peter Visclosky, Democrats, and Sens. Richard Lugar and Daniel Coats, Republicans, voted last week.HouseSTUDYING LONG-TERM CARE INSURANCE: The House rejected an amendment sponsored by Rep. Sheila Jackson Lee , D-Texas, to the Fiscal Responsibility and Retirement Security Act (H.R. 1173). The amendment would have kept the bill’s provision repealing ...