Long term health care policies
myhusband and I took out LTHC policies in our 50's while premium would be lower. We were under the assumption (wrong) it would NOT increase as we were younger and had longer to pay into system.
Now that he is turning 62 we got hit with a 44% INCREASE!!! How can insurance companies increase so MUCH.?? We're considering dropping it because if they can continue to do this we can't continue to pay it.
You try to do the right and responsible thing taking care of your future and it seems it's a lost cause.
Aren't there any caps on HOW much they can increase you ?? We are seniors on FIXED incomes.
|