News headlines have chronicled the collapse of traditional long-term care insurance plans. These traditional plans have failed to keep pace with long-term care expenses. Worse, if you never needed long-term care, you lost your entire investment. What’s next in long-term care insurance?
In 2017, traditional long-term insurance policies increased premiums an average of 83%, shocking many policy-holders. Today, there are options beyond traditional policies that got both providers and clients in trouble. It’s important to know the facts, so you can decide how to pay for long-term care if you need it.