The recent COVID-19 virus crisis shows us the many challenges of long-term care and caregiving. Many existed prior to this crisis. Advance planning, including LTC Insurance, makes future long-term care easier and affordable.
More people own Long-Term Care Insurance. Last year over $10.3 Billion in benefits was paid to American families providing quality care, reducing family stress, and protecting savings. A new claims study shows 64% of those on claim were women.
Long-Term Care Insurance remains a very affordable way to address the financial costs and burdens that come with aging. A national study of insurance companies shows premiums for new coverage in 2019 varies slightly from plans available in 2018.
American families are directly impacted by longevity. Aging means more of us require long-term care services. Family caregivers feel stress when no advance plan is in place often impacting their health and well-being.
A new survey shows the growing economy & labor market has impacted the costs of long-term care services & supports. Care costs are increasing and the need for Long-Term Care insurance is the key to successful retirement planning.
Aging is an issue which impacts every American family. With longevity comes the health and age-related issues which drain savings and create stress and pressure on loved ones. New proposals give families more options to plan.