Long-Term Care Insurance

Planning for retirement and deciding whether to buy long-term care insurance would be a lot easier if you knew your odds of needing long-term care, as well as at what age and for how long.

Average costs for new long-term care insurance coverage decreased slightly for some types of policyholders compared to a year ago, according to the 2016 Long Term Care Insurance Price Index.

As long-term care insurance premiums keep rising and fewer companies are offering policies, seniors are looking for other ways to help pay for long-term care. Annuity "nursing home doublers" have emerged as a new long-term care option.

Most long-term care involves assisting with basic personal needs rather than providing medical care.

Medicaid 101

The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2016 income as a result of buying long-term care insurance.

One of the incentives to buying a long-term care insurance policy is that the premiums are tax deductible. Unfortunately, many people are not taking advantage of this deduction.

Overall costs for new long-term care insurance coverage increased 8.6 percent compared to one year ago, according to the 2015 Long Term Care Insurance Price Index.

As more people consider retiring abroad, questions are arising about how an overseas retirement will affect long-term care insurance benefits.

A new study by Boston College's Center for Retirement Research indicates that purchasing long-term care insurance makes financial sense for fewer individuals than was previously believed. ...