Long-term care insurance is very expensive - the annual premium can easily be $2,500 or more a year - and many insurers have jacked up initial premiums by 20% or more over the past decade. (For ...

Long-term care insurance is coverage that will pay for assisted living, nursing home care or home health care in the event you are unable to care for yourself because of a chronic condition or ...

Already have a New York Life insurance, annuity or mutual fund policy? You can save 5% on your premiums in the first year. Long term care insurance can help pay for in-home care or physical ...

Many, if not most, policies offer lifetime coverage, meaning that if you need ... While Medicare typically does not cover these costs, long-term care insurance can fill that gap.

Learn more about long-term care insurance with GoldenCare here. If you're looking for a company that offers plenty of discounts to lower your premiums, then Northwestern Mutual is a great option.

In general, the income from a long-term care insurance policy is non-taxable ... deductions taken on Schedule A (Form 1040), meaning that the premium expense is deductible to the extent that ...

Some retirees have sufficient assets to self-insure, meaning they pay the cost ... You can also use HSA money tax-free to pay premiums for long-term-care insurance; the amount you can withdraw ...

Elderly people are paying higher premiums for the nation's long-term care insurance system as payments for nursing care services have risen due to the graying society. People 65 or older will pay ...

which will cover either long-term-care payouts or a death benefit for your heirs. The premium will not increase over the life of the policy. John Ryan, an insurance broker in Colorado, compared ...

Medicare and other health care policies ... face high costs for nursing home or in-home long-term care to adopt strategies that will protect their financial assets. Long-term care insurance ...

For Laurie Craigen, the realities of senior medical costs hit hard when her grandmother needed hospice care. “It was a stressful time for the family because we were trying to figure out how to ...