From the date insurance companies introduced the concept of Long Term Care Insurance there has been an ongoing debate in the media regarding the statistical probabilities of needing Long Term Health Care and the financial efficiency of the Long Term Health Care policy. Most of the time these discussions ignore the need for Home Health Care or the physical and emotional impact on the care giver.
Long-term care policies are under attack. Or, at least that’s the way I see it. In Vermont we just had one major carrier get out of the business and another has asked for a policy increase of 40%.