“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ...
Deciding between a stand-alone or hybrid long-term care policy can be confusing. We asked ChatGPT for advice, then had a ...
Before purchasing long-term care insurance, evaluate whether the coverage justifies the cost by examining your savings, ...
The demographic shift toward an aging population has thrust the coordination of long-term care insurance and Medicaid benefits into the spotlight of elder law practice. For practitioners advising ...
Dear Savvy Senior: My husband and I have been thinking about getting a long-term care insurance policy, but we hate the idea of paying expensive monthly premiums for a policy we may never use. Is long ...
Will you need long-term care someday? The odds say yes — about 70% of people over the age of 65 will need to access some form of long-term care in the future, according to statistics from the ...
A printed email to Ken Kollmeyer outlines a request from his insurance company for a 70 percent rate increase. Credit: Shahrzad Rasekh / CT Mirror CT Mirror’s independent, nonprofit journalism depends ...
Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...
In my 34 years of advising retirees and those transitioning into retirement, I have not seen a stock market drop cause anyone ...
If you’re driving less in retirement, you might qualify for lower premiums or usage-based insurance. Many insurers offer ...
We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...