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Long Term Care Insurance
The long term care insurance industry may need to re-examine its value proposition to break out of the small subset of current clients and serve the broader market.
Comptroller General David Walker on Tuesday at a Senate Budget Committee hearing said that increased health care costs and an aging population have placed the federal budget on an "imprudent and unsustainable path" and that "passage of time only serves to worsen this situation," Congress Daily reports.
A coalition of long-term care groups unveiled a proposal to create a catastrophic long-term care program for US residents.
As Americans increase their life spans, many eyeing 100-plus, the odds of needing long term care increase.
A bipartisan group of senators introduced a bill that would allow employees to pay long-term care insurance premiums with pre-tax dollars.
About 4,150 long-term care clients have received updated information on adjustments to what they pay for long-term care accommodations.
Long term care insurance provides important financial protection and peace of mind for an aging population.
One in four Baby Boomers erroneously believe they have health insurance coverage for long-term care expenses, according to new survey data released today by America's Health Insurance Plans (AHIP).
The Internal Revenue Service has announced increased deductibility levels for long-term care insurance policies purchased in 2008.
Fee-For-Service Medicare Plans
The Boston Globe on Wednesday examined private fee-for-service Medicare Advantage plans in Massachusetts. According to the Globe,while private fee-for-service plans expanded nationwide in 2003, theywere not offered in New England until January. The plans may offer morebenefits than traditional Medicare and do not limit beneficiaries tocertain physicians or require them to obtain a referral to seespecialists as in private managed care plans.
Senate Finance Committee asked 11 long-term care insurers to provide information on their business practices in response to troubling data.
Long term care insurance, once a bit player in the health insurance field, is now entering center stage thanks to influential backers.
Information on Pennsylvania's new requirement for insurance agents who sell long term care insurance
Iowa Insurance Commissioner Susan Voss is considering requesting legislation that would give long-term care insurance policyholders similar rights as people with health insurance in dealing with insurers who deny claims or delay payments, the Des Moines Register reports. Voss discussed the possible changes on Thursday at a meeting of seniors and insurance industry officials. The meeting was the second of three ordered by Gov. Chet Culver (D) that are intended to discuss problems with long-term care coverage in the state.
A bipartisan group of House members introduced a bill that would allow flexible spending accounts to include long-term care insurance.