While long-term care insurance costs are up in general, some policies are going down in 2018, according to the 2018 Long Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance(AALTCI), an industry group.
A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. Short-term care insurance provides coverage for nursing home or home care for one year or less.
The federal government will spend an additional $3.42 million to counter physical and fiscal crimes against the elderly, according to the Justice Department. The new awards will emphasize the use of new technology tools, closer interagency collaboration and enhanced legal services, among other approaches.
On Friday, October 13th, President Donald Trump announced payments owed to insurers, known as cost-sharing reduction (CSRs), would be cut-off. The CSR payments were created under the Affordable Care Act and reimburse insurers for reducing out-of-pocket expenses for customers making up to 250 percent of the federal poverty level (about $61,000 for a family of four).