Monday, December 21, 2015

Long Term Care Insurance: Baffling and Complex

This article in then December 18, 2015 NY Times is a good introduction to this thorny problem.

Long-Term Care Insurance Can Baffle, With Complex Policies and Costs


Insuring for long-term care is a lot like trying to cover the future financial impact of climate change. It’s a universal problem that looms large, is hard to predict and will be costly to mitigate.
Few have prepared for this gathering storm. Private long-term care insurance is available, of course, to help pay for expensive services if you are mentally or physically incapacitated late in life.

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