Short-term care policies can do something that long-term care policies can’t do: Pay benefits in addition to Medicare coverage.
The problem with self-insurance is that you don’t know when you’ll need the coverage. It’s not just for seniors; many people aren’t saving enough for retirement now.
Curious about your inherited health risks? Some insurers would relish a look at your genetic tests.
The overall costs for new long-term care insurance coverage increased 8.6 percent compared to last year’s survey.
With long-term care, women currently account for two-thirds of all claims, so they are actually a bigger risk to the insurance company than males.
ouples need to talk about when they will stop trying to provide home care on their own for their spouse and to get professional assistance.
A shared care policy allows you to pool your benefits. If you each have a three-year care policy, that’s six years of combined benefits.
Insurers adapt long-term care insurance to rising prices and a changing market.
On the retirement income front, it may make more sense to spend retirement savings upfront to delay Social Security benefits until a point somewhere between full retirement age and age 70.
Long-term care insurers have moved to gender-based pricing, with women paying more than men.