tag:blogger.com,1999:blog-30921153.post4434269678487611553..comments2022-02-27T19:50:53.100-08:00Comments on Independent Seniors: Is Long-Term Care Insurance Worth It?Wyn Lydeckerhttp://www.blogger.com/profile/12833402565110181014noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-30921153.post-11032474342081431972010-11-09T11:38:29.023-08:002010-11-09T11:38:29.023-08:00I said "if" rates continue to climb at 4...I said "if" rates continue to climb at 40% per year. I did not predict that they would. But given what is happening in the market, the future is uncertain. The policies may not cover all your costs. Reading the fine print is important. My bottom line is that you need to weigh costs and possible benefits.Wyn Lydeckerhttps://www.blogger.com/profile/12833402565110181014noreply@blogger.comtag:blogger.com,1999:blog-30921153.post-6513232963453693552010-11-08T07:52:32.573-08:002010-11-08T07:52:32.573-08:00Long-term care insurance premiums do not go up eac...Long-term care insurance premiums do not go up each year. They certainly do not go up "40% each year" as you've stated.<br /><br />The policies in question are 10 to 15 years old. This 39% premium increase, if approved in your state, amounts to less than a 4% increase per year, over the life of the policy.<br /><br />I wish my medical insurance had increased that little.<br /><br />There are 2 types of long-term care policies that can NEVER have any rate increases. Here is a detailed explanation of those two types of policies:<br /><br />http://ltcshop.wordpress.com/2010/08/29/how-much-and-when-can-long-term-care-insurance-premiums-be-increased/<br /><br />Scott A. OlsonAnonymousnoreply@blogger.com