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Do you need long-term-care insurance?(CR Investigates)
If you can't take care of yourself when you're old, there are plenty of resources from which to choose: home-health services, adult day-care centers, assisted-living facilities, or nursing homes. Finding the money to pay for such help, however, presents a dilemma.
Right now, the average rate for a private room in a nursing home is $181 a day, or about $66,000 a year, according to a 2003 survey by Metropolitan Life Insurance Co. If the room rates reflect current annual increases in nursing-home costs, then by 2021, when today's 60-year-olds might need such care, the average rate will have risen to about $480 a day, or $175,200 annually.
Few people are ...
- Long-Term Care Insurance: Consumer, Business Awareness Translating Into Action;...
- Press release article from: PR Newswire March 26, 2003 700+ words
...of the importance of long-term care insurance is now prompting specific action...the Trust to Private Long-Term Care Insurance' reports that private long...states are offering long-term care insurance to their employees. * More...
- Federal Long Term Care Insurance Program Announces Open Season Preliminary...
- Press release article from: PR Newswire February 13, 2003 700+ words
...Frank Titus, Assistant Director for Long Term Care Insurance at OPM, said, "The Federal Long Term Care Insurance Program's Open Season was extremely successful both in terms of educational outreach and participation...
- Prudential Select Brokerage Introduces Long Term Care Insurance to Independent...
- Press release article from: Business Wire October 7, 1999 700+ words
...experience selling individual long term care insurance. It is the first time Prudential...community. "Individual long term care insurance is a specialized sale that...said, "The Prudential Long Term Care Insurance launch helps provide our distributors...
- Hancock Group Long Term Care Insurance Business Marks 15 Years in University...
- Press release article from: PR Newswire March 22, 2005 700+ words
...Group Long Term Care Insurance. "Universities are...to Moore, long-term care insurance often fills a gap...university can expect in terms of service on a day...believe that long term care insurance will be a valuable...
- Prudential Earns 2008 Marketing Excellence Award from the American Association...
- Press release article from: Business Wire March 25, 2008 700+ words
...Industry's Best for Group Long-Term Care Insurance Marketing Communications NEWARK...American Association for Long-Term Care Insurance. Prudential's Group Insurance...its innovative, group long-term care insurance product specifically designed...
- Long-term care insurance has problems, but still best choice available for most
- Newspaper article from: Colorado Springs Business Journal Amy Gillentine November 20, 2009 700+ words
...solution available. Long-term care insurance is supposed to pay for treatment...who can benefit from long-term care insurance, this segment of the insurance...it's buyer beware. Long-term care insurance started about 15 years ago...
- John Hancock Long Term Care Insurance Reaches One Million Policyholders Across...
- Press release article from: PR Newswire June 14, 2007 700+ words
...John Hancock sold more long term care insurance policies than any other carrier...5) through all its long term care insurance businesses. "We've worked...Laura Moore, president, Long Term Care Insurance. "Having more than one million...
- Long-term care insurance gets health insurance tax treatment.
- Magazine article from: The Tax Adviser Gray, Shelley December 1, 1996 700+ words
...long-term care and long-term care insurance premiums. This new legislation gives qualifying long-term care insurance the same tax treatment as health...premiums paid for qualified long-term care insurance will be deductible as a medical...
