Wednesday, June 17, 2009

 

Congress Airs Concerns on Long-Term Care Insurance

As many as 7 million Americans have long-term care insurance policies, and many states confronting burgeoning deficits are urging consumers to buy this type of insurance as a way to protect Medicaid budgets. But at a recent Senate hearing, lawmakers and watchdog groups cautioned that greater consumer protections are needed.

“There are no guarantees that the policies purchased today will serve your needs 20 to 30 years down the road,” Diane Rowland, executive vice president of the Kaiser Family Foundation, told the Senate Special Committee on Aging earlier this month...

NY Times: Congress Airs Concerns on Long-Term Care Insurance

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