long-term care insurance

Long-term care insurance information, form and stethoscope.
Insurance companies will have a more difficult time raising premiums for long-term care, thanks to a state law that took effect on July 1.
Statistically, 70% of today’s 65-year-olds will need long-term care at some point. “Many people make the mistake of assuming Medicare covers it, and they’re wrong,” says Jeffrey Brown, professor of finance at the University of Illinois, who has spent the last decade researching long-term care insurance markets. There are only three choices: out-of-pocket, Medicaid, or insurance. “Long-term care is exactly the kind of low-probability, high-cost risk that you want to insure against,” he says.
LB 875 would limit large premium increases and reimburse consumers
AARP is gathering stories from Nebraskans about their experiences with long-term care insurance. The information will be used to help lawmakers better understand the issues involved in buying and using such plans.
Long-term care, either in your home or in a skilled nursing facility can be expensive and since Medicare doesn't cover most long-term care, it pays to plan ahead for how'll you'll pay for this care in the future.  The State of Connecticut, in conjunction with Eastern (Senior Resources), North Central, Southwestern and Western CT Area Agencies on Aging, and the Riverfront Community Center are sponsoring free informational forums: “The Missing Link in Retirement Planning - Why and When to Consider Long-Term Care Insurance” on April 30th in Middletown (Middlesex Community College), May 8th in Wilton (Wilton Library), June 5th in Glastonbury (Riverfront Community Center) and June 13th in Canaan (Geer Village). 
insurance by Alan Cleaver
A new state law sets standards for long-term-care insurance policies to help consumers make informed decisions when comparing plans.
AARP Logo with state logos in background
Some good news from the State House: Governor Deval Patrick (D) recently signed Senate Bill No. 2359, An Act to Establish Standards for Long Term Care Insurance, into law – making Massachusetts the 42nd state in the nation to provide such consumer protections. More than 2,000 AARP members from the Bay State contacted Gov. Patrick (D) to urge him to make the law, which makes all of the National Association of Insurance (NAIC) model regulations a reality.
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