GAO report on long-term care insurance rate hikes ends ‘hyperbole’
A new government report on long-term care insurance rate increases puts an end to “hyperbole” about how policyholders will act, according to a LTC industry official. Jesse Slome “Instead of hyperbole,...
View ArticleHindsight, foresight on health reform offer same ugly view
Two years ago the Patient Protection and Affordable Care Act, also known as Obamacare, was passed by Congress. On March 23, 2010 the President signed the bill into law. At that time I wrote the...
View ArticleLong-term care insurance put $6.6 billion in 200,000 wallets in 2011
About 200,000 people were paid $6.6 billion in long-term care insurance benefits in 2011, with Alzheimer’s disease the top reason for policies to pay out, a new report suggests. Jesse Slome Slightly...
View ArticlePrudential to stop selling all long-term care insurance
Prudential Financial plans to halt its sales of group life long-term care insurance, a few months after announcing it would stop selling individual LTC policies. The Newark, N.J.-based company will...
View ArticleVa.’s SCC seeks comment on long-term care insurance report
The State Corporation Commission (SCC) is seeking comments on its long-term care insurance rules and on a report by the SCC’s Bureau of Insurance that reviews current laws and regulations that affect...
View ArticleFitch: Long-term care insurance draws renewed concerns
The announcement last week that Genworth would be conducting a comprehensive review of the adequacy of its long-term care insurance (LTCi) claim reserves during third-quarter 2014 is marking some...
View ArticleIRS increases long-term care insurance deductible limits
The IRS has released a revenue procedure that allows for a tax deduction increase in 2016 for long-term care insurance coverage, according to a statement from the American Association for Long-Term...
View ArticleCan we build better long-term care insurance? Howard Gleckman thinks so.
Howard Gleckman, writing in Forbes, asks: “Can we build better long-term care insurance?” The answer is yes, according to two important new studies. With hard work and political will, we can develop...
View ArticleGroup joins in call for universal long-term care insurance plans
The long-term care costs for our aging population are growing so fast and can be so financially overwhelming for families that the United States needs a universal catastrophic insurance program similar...
View ArticleLong-term care insurance: Less bang, more buck?
Mary Julia Klimenko thought she was prudent 20 years ago when she invested in a long-term care insurance policy, one she believed would help pay for the care she’d need as she aged. Now she wishes...
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