High costs, fewer options in long-ter...

High costs, fewer options in long-term care insurance worry aging Americans

There are 4 comments on the The Tennessean story from Dec 31, 2012, titled High costs, fewer options in long-term care insurance worry aging Americans. In it, The Tennessean reports that:

Long-term care insurance is billed as a way to help offset the skyrocketing costs of health care later in life.

Join the discussion below, or Read more at The Tennessean.

Tony Parks

Burlington, MA

#3 Jan 3, 2013
Everyone thinks it's a huge risk to purchase long term care insurance early especially now that the number of providers decreases and the cost of premiums continues to increase. It's a risk if you fail to determine first whether you'll be needing ltc coverage in the future. Since the premiums are a lot expensive these days, it's a wise idea to have your health assessed first.

With this quote,“So that’s $2.3 million for both of them,” Shelton said.“I'll spend $67,500 to get $2.3 million any day.” it only shows that it's still worth it to purchase insurance despite the high cost of premiums compared to paying for your ltc expenses using your savings and other assets. Most likely, these things aren't enough to cover everything unlike when you have private insurance.

The number of companies offering high quality coverage may be diminishing but there are still independent agents who are willing to increase their long term care insurance leads and at the same time help people in need of guidance regarding ltc policy. Talking to the right person and getting the right information can be the key in finding the right ltc policy that will perfectly suit your needs.

Wild Bill

Cambridge, MA

#6 Sep 16, 2013
We are Screwed
Worshipful CEO

United States

#8 Sep 17, 2013
We only care about 97% of you bottom dwellers to the extent that you have any semblance of wealth or life force to extract from you, otherwise, please die, it's sickening watching your versions of actually living.
Wild Bill wrote:
We are Screwed
Zipperhead

Herndon, VA

#9 Sep 18, 2013
Yep. no one seems to care.

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