As you age, your need for assistance, whether it be at home or in a nursing home or assisted living facility, increases. Given the prevalence of long-term care services being required, it's no ...
Long-term care insurance can ensure you have the help you need for day-to-day living. There are three main types of long-term care insurance, and which one is best for you will depend on your ...
Long-term care insurance can help pay for care needs, but it's important to be aware of the elimination period and inflation ...
Many older adults have concluded that they’re better off covering long-term care expenses out of their own pockets if they end up needing it. Years of rising premiums on long-term care insurance, ...
According to the American Association for Long-Term Care Insurance, your chances of being denied long-term care insurance ...
Forbes contributors publish independent expert analyses and insights. Steve Vernon, FSA, helps retirees make their money last for life. “Should I buy long-term care insurance?” I’m often asked this ...
“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ...
As more and more of the 70 million baby boomers require long-term care, the dearth of insurance providers and the shrinking number of care workers are shaping up to create a major challenge, says ...
Genworth Financial, which has an office in Stamford, is one of the largest providers of long-term care insurance in the U.S. Credit: Shahrzad Rasekh / CT Mirror For more coverage of the long-term care ...
The price hikes began in 2007, modest at first, then exploding in size. By last summer, the long-term care insurance plan Steve Krasinski paid $750 a year for in 1994 had ballooned to $6,400. And that ...
Later this year, Rep. Tom Suozzi (D-N.Y.) will reintroduce his public catastrophic long-term care insurance bill, called the WISH Act. Suozzi is doing all the right things: Looking for Republican ...
Adriana Falcón Trafford took out a long-term care insurance policy in 2001. When she signed up for the plan, the annual premium was $2,608. Now, it’s close to $7,000. Credit: Shahrzad Rasekh / CT ...