The long-term care insurance update — February 2014

By Steve Savant

Let's talk about how gender-based pricing, which replaced unisex rates, has finally settled into the extended care market place. One result was the expected increase in LTC premiums for females. Another shift in LTC policies is a move away from offering 5 percent to 3 percent COLA, impacting retirement modeling. More retirement specialists are enlisting long-term care experts to help co-design their plans with extended care indemnification. Maria Sarci explains these and other news items.