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Long-Term Care Insurance

RECENT NEWS
The Haggler: A Winding Road to Benefits From Long-Term Care Insurance
New York Times  Mar 23  Comment 
After months of exchanges of information, a woman who had a stroke is denied benefits under a long-term care policy. Her son-in-law asks the Haggler to intervene.
Not Interested in Long-Term Care Insurance? How About Short-Term Care Insurance?
Forbes  Mar 18  Comment 
Long-Term Care insurance too expensive? How about short-term care insurance?
Elizabeth O'Brien's Retire Well: Women face a new long-term care dilemma
MarketWatch  Mar 7  Comment 
Prices for long-term care insurance will soon reflect the reality that women live longer and file more claims than men. Genworth, the biggest writer of long-term care policies, will start rolling out gender-based pricing next month for women who...
Genworth to Temporarily Suspend Individual Long-Term Care Insurance Sales in California
Benzinga  Mar 6  Comment 
Genworth Financial, Inc. (NYSE: GNW) today announced a suspension of sales of individual long term care insurance products in California, California Choice and Choice Partnership, effective March 21, 2013.  California Choice and Choice...
Gender-Discriminatory Insurance Pricing: I'm Outraged!
Forbes  Feb 27  Comment 
Genworth Financial is engaging in gender discriminatory pricing by raising premium rates in long term care insurance for single women. Premiums for men will not be raised accordingly. This inequality is thrust upon women because we live longer....
Women To See Higher Prices For Long-Term Care Insurance
NPR  Feb 26  Comment 
Rates for female applicants could be up to 40 percent higher under the new pricing policy from Genworth Financial, the country's largest long-term care insurer. The company says women account for two out of every three dollars spent on claims.
The New Old Age Blog: For Women, Reduced Access to Long-Term Care Insurance
New York Times  Feb 6  Comment 
Gender-distinct pricing is a strategy that will raise long-term care insurance rates for single women by as much as 40 percent beginning in April.
Will Your Long-Term Care Coverage Keep Up With Changing Times?
NPR  Feb 5  Comment 
Many long-term care policies sold 30 years ago didn't specifically cover assisted living facilities. Policyholders rely on clauses that say new kinds of care will be covered when it becomes available, but the ultimate decision rests with insurers.
E&O Risks When Writing Long-Term Care Insurance
Insurance Journal  Dec 13  Comment 
As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to realize the importance and value of long-term care insurance. The goal of purchasing it is two-fold: retaining as much of … The article E&O...




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Long-term care insurance helps provide for the cost of long-term care beyond a predetermined period. Long-term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid.

Individuals who require long-term care are generally not sick in the traditional sense, but instead, are unable to perform the basic activities of daily living (ADLs) such as dressing, bathing, eating, toileting, continence, transferring (getting in and out of a bed or chair), and walking.

Age is not a determining factor in needing long-term care. About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. About 40% of those receiving long-term care today are between 18 and 64. Once a change of health occurs long-term care insurance may not be available.

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