Chattanooga-based Unum quits long-term care field, takes loss
Chattanooga-based Unum Group announced Monday it is ending sales of its group long-term care insurance in the midst of improved operating results in the fourth quarter.

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 ...

Measure Applications Partnership Submits Recommendations for Post-Acute Care and Long-Term Care to HHS
At the request of the Department of Health and Human Services (HHS), the Measures Application Partnership (MAP), a public-private, multi-stakeholder group of healthcare leaders convened by the National Quality Forum, has submitted its recommendations on the improvement and coordination of care by post-acute care (PAC) and long-term care (LTC) providers. ...

Unum Group Reports Fourth Quarter 2011 Results
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum reported a net loss of $425.4 million for 4Q11, due largely to charges following its decision to discontinue sales of group long term care and a reserve charge for ind. disability closed block.

The Non-Viable CLASS Act
One of Sen. Ted Kennedy's long-standing goals was the establishment of a federal program for long-term care for the infirm and disabled. This goal was – apparently – achieved posthumously when his Community Living Assistance Services and Supports (CLASS) Act was incorporated into the Patient Protection and Affordable Care Act (PPACA).