This blog post:   https://retiredguyusa.com/fighting-long-term-care-rate-increases/

 The last several years saw several big long-term care rate increases. We long-term care policy holders face terrible choices – pay astronomically higher premiums or reduce coverage substantially. The worst case is to drop the coverage we have paid into for many years. This is a betrayal! 

If you are notified of a rate increase, you usually have several choices, depending on the insurer. None of these choices are good! Some insurers will let you decrease coverage instead of paying the rate hike. They are doing you no favor by ‘letting you’ reduce coverage! You bought the policy in the first place because you wanted a certain level of coverage. 

This podcast discusses your unhappy choices such as reducing the benefit period or inflation factor!

https://www.medicaid.gov/medicaid/eligibility/index.html    Medicaid eligibility

 

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 I am Trippe, retired U.S. Government Financial Analyst. M.B.A., grew up on a farm, played in rock bands for several years. This podcast is for entertainment and education. I am neither a personal financial adviser, medical provider nor an attorney. Consult your own professionals. 

Blog:   https://retiredguyusa.com/

Podcast:  https://retiredguyusa.podbean.com/