NU Online News Service, Nov. 2, 11:29 a.m. – The insurance departments in New York and Wisconsin have updated their long-term care insurance guides.
Both guides support the concept of residents buying LTC coverage.
The guide issued by Wisconsin regulators suggests that LTC insurance is not just for the elderly.
“The chances of needing long-term care usually increase as you age, but long-term care may be needed at any age,” according to the Wisconsin guide.
“It is important to recognize that at some time in your life you may require long-term care services. Therefore, you should think about how to pay for this care.”
The New York guide starts with a letter from Gov. George Pataki.