One of the most common questions that I face is how many years of coverage should I choose? Since the answer to that question has a large impact on the cost of the LTCI policy, it’s important to have the facts while making an informed decision.
Of course, if you never want to have to worry […]
Two of the largest and most highly respected carriers in the LTCI industry, Genworth and John Hancock, have both announced that they will be raising rates on all new applications sometime during the month of September.
Apparently the rate increase will be close to 10% for each carrier. This means that if you have been […]
Planning ahead for your own long-term care needs often includes getting some idea of how Medicaid may affect your particular situation and what options are available from this important government sponsored program.
Unfortunately, getting all of your questions answered clearly and concisely can be difficult due to the fact that Medicaid eligibility requirements can vary […]
When the long-term care insurance (LTCI) industry was in its early stages, the policy features and design differed considerably from what we have commonly come to see offered to consumers today.
Since it was a relatively new segment of the insurance industry, there was little history that could be drawn from reliable sources regarding pricing, underwriting […]