A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent...Read more
New Long-Term Care Insurance Guide Released
- March 6th, 2001
Long Term Care Planning: A Dollar and Sense Guide, United Seniors Health Council, 2001, 100 pp. (paperback), $19.50.
United Seniors Health Council has published a new version of its useful guide for consumers considering purchasing long-term care insurance. The guide provides information on financial and family issues related to home care, assisted living, and nursing home care, as well as guidelines for purchasing long-term care insurance.
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The guidebook counsels that consumers consider buying long-term care insurance only if they:
- Own assets of at least $75,000 (excluding home and automobile);
- Have annual retirement income of at least $25,000 for an individual and $35,000 for a couple;
- Can pay the premiums without adversely affecting their lifestyle; and
- Can absorb possible premium increases without financial difficulty.
To order the guidebook, call (800) 637-2604 or send a check to USHC, 409 Third Street, S.W., Suite 200, Washington, DC 20024.
Last Modified: 03/06/2001