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Long-Term Care Insurance

Found 66 Articles.
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estate planning

Will Your Children be Required to Pay for Your Long-Term Care?

August 24, 2016

The cost of not planning for your long-term care could affect others. Your estate or children might be required to pay for your long-term care. Some little-used laws make this situation possible. Use of these laws increased the last few years, and they are likely to be used more in the future. Either the government or […]

Building Your Long-Term Care Plan

May 19, 2016

The cost of long-term care is one of the major retirement financial worries. Survey after survey confirms that. The data also confirm that few people do anything about long-term care, other than worry. One survey even found that many people would rather go to the dentist than talk to someone about LTC. That needn’t be […]

Update on Long-Term Care Insurance

November 7, 2014

Things have calmed down the last couple of years in long-term care insurance. Back then, insurers were busy substantially increasing premiums on existing policies, and many exited the market. The latest news is that the largest LTC insurer announced a large charge against earnings because it still has problems with LTCI despite premium increases. This […]

Will Your Children be Required to Pay for Your Long-Term Care?

October 1, 2014

Many Americans worry that long-term care expenses will deplete their estates and cause them to run out of money. People also should worry that their children and estates might be required to pay for their long-term care, even after they are gone. That’s the trend in both federal and state law. A 1993 federal law […]

Prevailing in the Long-Term Care Crisis

June 1, 2014

The good news about long-term care is that the cost is rising at a slower rate. Yet, LTC still is ex-pensive and its cost is rising at a faster rate than general inflation. The latest annual Cost of Care Survey from Genworth, the leading LTC insurer, at www.genworth.com, found that when LTC is needed the […]

Dealing With the Latest Turmoil in Long-Term Care Insurance

January 1, 2014

The turmoil in long-term care insurance continues. In recent years a number of insurers raised premiums substantially on existing policies or exited the market. A year ago it appeared things would stabilize after the shakeout, but a new round of premium hikes and policy changes is taking place. Two of the largest and most stable […]

The Crisis in Long-Term Care Insurance

July 2, 2013

We’ve been covering it in detail in Retirement Watch for a while. The issue finally hit the big time with a major piece in The Wall Street Journal. (Subscription might be required.) The article reviews all the issues known to my readers: premiums on older policies are rising; insurers are dropping out of the market […]

Exploding Myths About Long-Term Care

June 1, 2013

Americans are remarkably uninformed and misinformed about long-term health care and insurance to cover the expense. Only one question was answered correctly by a majority of respondents in a recent survey: 53% said they were not too familiar with long-term care insurance (LTCI) and another 26% said they were not at all familiar with it. […]

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