What Happens When a Long-Term Care Insurer Goes Belly Up?

Q. My husband and I are seriously considering long-term care insurance. I read recently, however, that Penn Treaty is facing liquidation, and health insurers across the country are on the hook for hundreds of millions of dollars … [Read more...]

Cost of Long-Term Care Insurance is Increasing. . . Even More than Before!

Q. Our neighbors are both retired Federal employees. Recently, when we had dinner with them, the topic of long-term care insurance came up, and they told us about a huge rate increase last year. Now, they are paying MORE THAN … [Read more...]

The Death of Long-Term Care Insurance?

Maureen’s husband is retiring within the next few years, and her family is now planning in advance for long-term care, in case the need should arise in the future. Recently, in doing some research on long-term care insurance, … [Read more...]

Huge Rate Hike for Federal Government Long-Term Care Insurance Policies

Q. My husband and I are both retired Federal employees and recently received letters in the mail from Long-Term Care Partners about our Federal Long-Term Care Insurance Program. It referenced a rate increase, and asked that we … [Read more...]

Critter Corner: The Lapsing of Long-Term Care Insurance Policies and Dementia

Dear Commander Bun Bun, My grandmother had a long-term care insurance policy, which I know she was paying a lot for. However, she has dementia, and let it lapse. I’m sure this happens all the time, and it’s scary because now is … [Read more...]

Critter Corner: Should I Get Long-Term Care Insurance?

Dear Baxter, My neighbor is an insurance agent who keeps bothering me about long-term care insurance. I try to avoid her, but lately it hasn’t been working. To help me make an educated decision, can you provide some reasons I … [Read more...]

Long-Term Care Insurance: Yes or No?

Q. Long-term care is a subject we’ve been avoiding for years, but as we are getting older and less able to do things for ourselves due to physical ailments, my wife and I finally sat down to talk about it. At first, long-term care … [Read more...]

Critter Corner: Is There a Federal Long-Term Care Insurance Option?

Dear Commander Bun Bun, I am 58 and still working. I understand that long-term care insurance through insurance companies is expensive, and that there are risks involved. I was wondering if there is government solution to … [Read more...]

70% of Americans turning 65 will need Long-Term Care

Correction: The title of our newsletter is incorrect. It should be "One in seven adults will have a disability for more than five years." We  apologize for this error!   Photo from homeaidescny.org A … [Read more...]

$10,000 a month! Why don’t they take it seriously?

Q. My parents are in their 70's and I am a caregiver for them, while working part-time and raising a family. My father has had Parkinson's for fifteen years and is no longer mobile. My mother is in the early stages of Alzheimer's. … [Read more...]