High Nursing Home Bills Squeeze Insurers, Driving Rates Up


High Nursing Home Bills Squeeze Insurers, Driving Rates Up



The Associated Press

Mar 24th 2015




NEW YORK -- Thirty years ago, insurance companies had the answer to the soaring cost of caring for the elderly. Plan ahead and buy a policy that will cover your expenses.



Now, there's a new problem: Even insurers think it's unaffordable.



Life insurance firms pitched long-term care policies as the prudent way for Americans to shoulder the cost of staying in nursing homes. But those same companies have found that long-term-care poli

Source of insurance-forums.net

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