“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ...

A printed email to Ken Kollmeyer outlines a request from his insurance company for a 70 percent rate increase. Credit: Shahrzad Rasekh / CT Mirror Members of the Insurance and Real Estate Committee ...

Long-term care insurance can help pay for care needs, but it's important to be aware of the elimination period and inflation ...

Adriana Falcón Trafford took out a long-term care insurance policy in 2001. When she signed up for the plan, the annual premium was $2,608. Now, it’s close to $7,000. Credit: Shahrzad Rasekh / CT ...

Forbes contributors publish independent expert analyses and insights. Steve Vernon, FSA, helps retirees make their money last for life. “Should I buy long-term care insurance?” I’m often asked this ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

Genworth Financial, one of the largest providers of long-term care insurance in the U.S. and one of only two companies selling coverage through a state partnership program in Connecticut, ties its ...

The price hikes began in 2007, modest at first, then exploding in size. By last summer, the long-term care insurance plan Steve Krasinski paid $750 a year for in 1994 had ballooned to $6,400. And that ...

Medicare doesn’t cover nonmedical long-term care. This is why purchasing a policy to help with a long-term need becomes ...