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Released: November 13, 2012
New long-term care policies offer more options
Source: Christine Dugas, USA Today
As Americans are living longer they are facing the staggering cost of nursing homes and assisted-living care, often without a financial safety net. Long-term-care insurance is one way to prepare for the growing expenses, but the industry is undergoing changes and the products are confusing and costly. The long-term care insurance industry did not have many carriers to begin with. And now the industry is shrinking, prices are rising and carriers are limiting their coverage. Since 2010, five key insurance carriers have exited the market, according to a recent Moody's Investors Service report.Read Full Article: New long-term care policies offer more options
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