Many of the companies who originally entered the LTC market have gotten out (they are required to either continue their existing clients of find someone else to take them.)
In many cases, they have found that fewer folks stopped paying than they expected and went on to file claims. Also consider that a typical 3 year, $100 per day policy (which isn't all that much) will pay out $109500 in benefits. Ignoring the cost of administering the policy and the sales commission, they have to collect about that amount to make money. If you are in your 70s, you would have to pay in $15-20K per year. Conditions which indicate that you will need LTC within the next 10-15 years (regardless of age) also won't make sense.
Before you blame the LTC companies, go try to buy life insurance at the same age and/or degree of physical problems. Bet they won't accept you or will charge extremely large premiums.
There's a really good reason that the government realized that they could not make government LTC insurance work. For LTC insurance to make economic sense for companies, they need people to pay premiums for 25 plus years or have very high premiums.
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