Health Insurance News 6 Things Long Term Care Insurance Covers That You May Not Have Known About

Choosing long-term care insurance: AI’s take vs. a real expert’s

Deciding between a stand-alone or hybrid long-term care policy can be confusing. We asked ChatGPT for advice, then had a licensed long-term care insurance specialist review its answer line by line. Read More

Does Long-Term-Care Insurance Add Up?

“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ... Read More

Long-term care: What is it, how does it work and how can you plan to pay for it?

In my 34 years of advising retirees and those transitioning into retirement, I have not seen a stock market drop cause anyone with a properly managed and diversified portfolio and reasonable spending ... Read More

Is long-term care insurance worth getting this fall?

Planning for retirement isn't just about how much you've saved. It's also about how you'll handle the expenses you can't fully predict. And, one of the biggest unknowns for older Americans today is ... Read More

Is a Long-Term Care ‘Hybrid’ Policy Right for You?

Stand-alone long-term care insurance policies have been waning in popularity, owing to a combination of skyrocketing premiums and difficult claims experiences by consumers. In their place, so-called ... Read More

5 Reasons the Middle Class Isn’t Planning for Long-Term Care Insurance

When it comes to talking about healthcare, particularly for those who are younger in age, financial planning for long-term care may not be on the radar. Read More

A Financial Professional's Take on Long-Term Care Insurance: Buy or Not?

Americans have a good chance of living well into old age these days, which is something to cheer about. But it also raises serious concerns for those who haven't planned for the possibility of ... Read More

Genworth plans to re-launch long-term care insurance

Henrico County-based Genworth Financial thinks it's found a way to help people finance long-term care that will avoid the regular doubleand triple-digit premium rate increases for policies that ... Read More

Genworth subsidiary launches inaugural long-term care insurance

CareScout, a subsidiary of Henrico County-based Fortune 1000 insurance company Genworth Financial, announced Wednesday it has launched its first long-term care insurance product. Known as CareScout ... Read More

Advisors see long-term care as critical piece of retirement planning

The unrelenting surge in health care costs is making long-term care a critical piece of retirement planning, advisors say. Medical care costs in August were up 4.2% on an annualized basis, according ... Read More