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Never too soon to plan for long-term care

Article by: DAVID BANKS , Star Tribune
Updated: October 17, 2012 - 10:55 AM

Such care will be a significant driver of the nation’s health care cost burden.

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allhailfsmOct. 29, 12 2:40 PM

Long term care: Pay for insurance for decades, then lose it when you need it. Just like for profit health insurance. These LTC insurance companies will never make any money by paying benefits. It will be a gravy train for them until their customers get old and need care. Then POOF! Coverage gone.

allhailfsmOct. 29, 12 2:46 PM

John Hancock, a unit of Manulife Financial, has pushed through average rate increases of 40% since 2010. In August, Genworth announced plans to raise rates on older policies by more than 50%, on average.

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