Long-term care is a high risk and huge potential cost for aging Americans. Yet few plan ahead, and fewer still insure privately for this impending peril. Until now. Private insurers report that 140,000...
Many Americans don’t understand long-term care
By
Roger Roemmich
May 14, 2014
Many Americans remain in denial and are therefore disinclined to pluck the truth from the myths about long-term care, much to the detriment of their own finances as they turn to homecare providers for...
When it comes to paying for long-term care, public and private options can both fail
By
John O'Connor
Oct 07, 2013
What happened last week in Washington was not exactly highlight reel material. That is, unless you want to showcase public sector dysfunction.
Poll: Many believe that long-term care financing is mostly private pay
By
Tim Mullaney
Oct 01, 2013
Many Americans mistakenly believe that long-term care in the United States is primarily paid for out-of-pocket, according to the latest poll to show how deeply people misunderstand this aspect of the healthcare...
Lack of information prevents long-term care planning even for those with high incomes, SCAN report finds
By
Tim Mullaney
Aug 16, 2013
Americans who are earning high incomes often do not plan sufficiently for their long-term care needs, according to a new report from the SCAN Foundation and Langer Research Associates.
The bridge is here for your personal aging planning — cross it
By
Jacqueline Vance, RNC, CDONA/LTC
May 28, 2013
A new poll* finds that two-thirds of people 40 years old and older have done little or no preparing for the challenging and expensive reality of aging. I think most people seem to have the mentality, “I’ll...
Why the likely demise of LTC insurance isn’t all bad
By
John O'Connor
Jun 22, 2012
Two decades ago, private long-term care insurance was seen as a can’t-miss option for funding future nursing home costs. But like many of the people who purchased policies back then, the product...
House repeals CLASS Act
Feb 02, 2012
The House of Representatives repealed the CLASS Act on Wednesday night, although its future is far from clear.
Many observers expect Republican efforts to repeal CLASS will die in the Senate, where there...
MetLife exits long-term care insurance market
Nov 15, 2010
MetLife, which currently provides long-term care insurance to 600,000 people, announced Thursday that it is discontinuing sales of long-term care insurance (LTCI), effective Dec. 30.
Problems with the CLASS Act
By
Stephen A. Moses
Oct 23, 2009
The Kaiser Family Foundation recently held a briefing on the much-touted CLASS Act. There was much praise to go around. I heartily disagreed with most of it.