✉news BusinessPersonal Finance first seen 1 d ago, last 1 d ago, peak #15

Long-term care policies from 1999 fall short of assisted living costs

Original: Her 1999 Policy Will Pay $180 a Day in a Nursing Home. For the Assisted Living She'll Actually Need, It Will Pay Half, and Some Policies From That Era Will Pay Nothing

A woman holding a long-term care insurance policy purchased in 1999 is finding a major gap in her coverage: the policy pays $180 a day for nursing home care, but only about half that for assisted living, the type of care she actually needs. Some policies sold in that era pay nothing toward assisted living at all. The case highlights how older long-term care policies often don't match where today's retirees end up receiving care.

Why now: Aging policyholders are discovering that decades-old long-term care insurance doesn't cover the assisted living they now need

long-term care insurance policyholders24/7 Wall St.

Open on news →

Rank over time, top of the chart is #1. 5 snapshots from 1 d ago to 1 d ago.

Evidence

• Her 1999 Policy Will Pay $180 a Day in a Nursing Home. For the Assisted Living She'll Actually Need, It Will Pay Half, and Some Policies From That Era Will Pay Nothing · 24/7 Wall St.

API: https://socialmediatrends-api.osmike.com/v1/trends/2900336