Long Term Care Insurance Premiums
By an edhat reader
What do you think about the increasing cost of LTC insurance (Long Term Coverage) for senior citizens?
The annual premiums are going up up up. My friend's went from $4,000 to $5,600 with Genworth this year. In trying to find something cheaper, we've learned a lot of companies that have offered LTC coverage are going out of business. Is there enough back-up in Santa Barbara to help seniors stay at home, when care is needed? Thanks!