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Subject:  Big Problems wth LongTermCare Insurance Date:  7/10/2013  1:54 PM
Author:  intercst Number:  72534 of 88417

Interesting article on the demise of Long Term Care Insurance. Some policyholders are getting huge premium increases coupled with benefit cuts. Most troubling are the companies offering low-ball initial premiums with the expectation that they can greatly increase premiums after a few years and get many policyholders to drop coverage without ever filing a claim (while pocketing the premiums paid to date.)

LTC is another scam I'm glad I avoided.

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