Tag: long term care insurance
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Activism by the Elderly
As a group, we over 65ers have substantial non-working time. According to the US Census Bureau, in 2011 16.2% of us participated in the labor force. The participation rate falls off steeply with age. Among 65 – 69 year old men (2010 data), 35.8% were working. For 70 – 74 year olds 20.9% were employed,…
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Update on LTCI in Massachusetts: Law Passed, Implementation Stalled
The Affordable Care Act has been front-page news from well before its passage in 2010 up through its present turbulent phase of getting up and running. Questions, concerns, and controversies have abounded and continue to do so. What impact will it have on benefits? On premiums? On cost to the taxpayer? Similar questions are commonplace…
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How can we fix long-term care insurance?
This post extends the discussion of long-term care insurance recently initiated by Kenneth Deitch. The prospective costs for long-term care are a big problem. First, nursing home care is really expensive for those who end up needing it. Second, the prospect of such an expense is likely to prevent people from making the best use…
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Regulation of Long-Term Care Insurance in Massachusetts
The time may come when any one of us will need outside help with certain basic activities, referred to collectively as the activities of daily living or ADLs. Long-term care insurance (LTCI) is a resource for covering some or all of the costs of providing the care needed in that unfortunate situation. It is not…