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2015 March : Long Term Care Insurance Network

Thrivent Financial to acquire long-term care insurer

By administrator | Mar 30, 2015

Thrivent Financial to acquire long-term care insurerNews from Milwaukee Journal Sentinel: By Paul Gores of the Journal Sentinel March 30, 2015 10:23 a.m. Thrivent Financial for Lutherans said Monday it is acquiring a Minnesota-based provider of long-term care insurance. Financial terms of the transaction to acquire Newman Long Term Care, of Richfield, Minn., weren’t disclosed. [...]

Top long-term care insurer no longer selling policies in Mass.

By administrator | Mar 29, 2015

Top long-term care insurer no longer selling policies in Mass.News from Boston Globe (subscription): Massachusetts consumers looking to buy long-term care insurance to help pay the rising prices for nursing homes and elder services face a shrinking number of choices because the nation’s largest long-term care insurer has pulled out of the state. Genworth Financial [...]

Insurers shrink policies for long-term care; rates rise

By administrator | Mar 28, 2015

Insurers shrink policies for long-term care; rates riseNews from The Detroit News: MATTHEW CRAFT, Associated Press 12:30 a.m. EDT March 28, 2015 Greta Mason, left, and Susan Dent talk at a New York state elder care home. Costs of such accommodations are rising.(Photo: Miklos Gratzer / AP) CONNECT continues on The Detroit News … Read [...]

Is Long-Term Care Insurance Really Worthwhile? Cost Vs. Benefit

By administrator | Mar 22, 2015

Is Long-Term Care Insurance Really Worthwhile? Cost Vs. BenefitNews from Investor’s Business Daily: Special Report: Retirement Planning 2015 Tricia Baker rues the day, some 25 years ago, when her parents were talked out of buying long-term care insurance. Today, these elderly parents, who have dementia, live in an assisted living facility that costs $ 8,000 [...]

Is Long-Term Care Insurance Really Worthwhile?

By administrator | Mar 21, 2015

Is Long-Term Care Insurance Really Worthwhile?News from Nasdaq: Special Report: Retirement Planning 2015 T ricia Baker rues the day, some 25 years ago, when her parents were talked out of buying long-term care insurance. Today, these elderly parents, who have dementia, live in an assisted living facility that costs $ 8,000 a month. But after [...]

Lawyers for older adults urge action on insurance regulations

By administrator | Mar 17, 2015

Lawyers for older adults urge action on insurance regulationsNews from Boston Globe (subscription): A more than two-year delay in implementing new rules for long-term care insurance is hampering efforts by older adults to plan for future health care costs, lawyers who represent them wrote to Governor Charlie Baker this week. The Massachusetts chapter of the [...]

Thinking About Health: Long-term care insurance may provide little assurance

By administrator | Mar 9, 2015

Thinking About Health: Long-term care insurance may provide little assuranceNews from Craig Daily Press: The U.S. has no national policy to pay for long-term care — no payment system for nursing home, home care or dozens of other services many people need as they age. And almost as bad, there has been little public discussion [...]

Genworth Financial struggling under the weight of long-term care costs

By administrator | Mar 5, 2015

Genworth Financial struggling under the weight of long-term care costsNews from InvestmentNews: Here’s an uncomfortable question: who’s going to pay for mom or dad’s nursing home bill — or yours, for that matter? The answer, for about 1.2 million Americans, is Tom McInerney. Mr. McInerney, 58, is the chief executive officer of Genworth Financial Inc., [...]

Miscalculated Risk: The Old-Age Bill That’s Crushing Genworth

By administrator | Mar 4, 2015

Miscalculated Risk: The Old-Age Bill That’s Crushing GenworthNews from Bloomberg: (Bloomberg) — Here’s an uncomfortable question: who’s going to pay for mom or dad’s nursing home bill — or yours, for that matter? The answer, for about 1.2 million Americans, is Tom McInerney. McInerney, 58, is the chief executive officer of Genworth Financial Inc., the [...]

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