Long-Term Care Insurance

Forbes  Aug 19  Comment 
A newly-released survey shows just how conflicted Americans are about long-term care insurance. And how unrealistic they are about how much long-term care costs and how much insurance they can buy for what they are willing to spend.
MarketWatch  Jun 25  Comment 
Stark realities threaten elderly as median cost of a year in a nursing home approaches $100,000
TheStreet.com  May 12  Comment 
NEW YORK (TheStreet) -- The potential breakup of insurance giant Genworth Financial is leaving investors unsure of how to value its businesses -- particular long-term care insurance, which is one of its biggest. Richmond, Va.-based...
Motley Fool  May 6  Comment 
Long term care insurance only makes sense if you have assets you'd like to pass on to your heirs but don't have the financial wherewithal to reasonably self-insure.
Reuters  Apr 29  Comment 
Life and mortgage insurer Genworth Financial Inc is considering going private and would be open to selling its long-term care insurance unit, among other strategic options, Chief...
New York Times  Feb 22  Comment 
A report by the American Association for Long-Term Care Insurance finds that rates rose this year an average of 9 percent.
New York Times  Feb 20  Comment 
A report by the American Association for Long-Term Care Insurance finds that rates rose this year an average of 9 percent.
Motley Fool  Feb 8  Comment 
Rising premiums over the years has turned the coverage into a nightmare for many.
MarketWatch  Jan 26  Comment 
One way is to increase “elimination periods.”
MarketWatch  Dec 23  Comment 
For retirees with modest nest eggs, the odds of needing long-term care coverage don’t justify the costs.


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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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