Mixed News on Changes to Long-Term Care Tax Deductions
The IRS has increased the amount of LTC insurance premiums that are deductible for 2013. But the news comes with a caveat.
Is Risk of More Expensive LTC Insurance Rising or Falling? Pt. 2
Although the popular press has widely blamed rising long-term care insurance premiums on "unexpected" claims, the reality is that the rising cost of care has played only a limited role.
LTCI: Here Today, Gone Tomorrow?
The release in late September of a Moody’s Investors Service sector profile of long-term care insurance was filled with doom and gloom.
Long-Term Care Insurance Not Just for Elderly
It’s a common perception that such coverage is for older people who suffer failing faculties due to their age. But a study found that claimants as young as 24 had used their policies, sometimes for years.
Sales of Asset-Based LTC Insurance Rise by 20%
The study finds that more than half of male buyers of LTC policies were under age 65. In the prior year’s study, only 48% were under age 65.
Largest Long-Term Care Claim Nears $2 Million
Long-term care insurance costs are on the rise. A new study shows just how much some of those claims are worth to the insured.
Long-Term Care Insurers Launch Career Center
The American Association for Long-Term Care Insurance has launched a new Career Success Center to attract more producers to the full-time or part-time sales of LTC insurance policies. Access is free.
Rising Cost of Long-Term Care Insurance Squeezes Buyers
In its annual analysis of the premium cost for the most popular policies offered by 10 companies, AALTCI found that on average, a 55-year-old single individual who qualifies for preferred health discounts will pay $1,720 for $165,000–$200,000 in current coverage.
The Community Living Assistance Services and Support program, also known as the CLASS Act, was part of the Patient Protection and Affordable Care Act, Obama’s effort at health care reform.
Federal LTC Enrollment Soars
The Federal Long-Term Care Insurance Program, in its first major open season for enrollment since its inception, saw an increase of 20% in enrollment, with more than 45,000 now covered by the largest employer-sponsored plan in the U.S.