The Pennsylvania Long Term Care Commission held its first public meeting last week. The meeting is the first of many regional public meetings that are meant to garner public input on the state’s long term care system as it is now and suggestions for future improvement.
Using a financial advisor to help you plan for retirement can be a great choice: it can help you get a better grasp on your finances, understand specific goals and targets for savings, and provide you with information that you otherwise might not know.
The need for long term care continues to grow throughout the United States and the cost of that care is following suit. Genworth Financial’s annual Cost of Care Survey breaks down prices of the different long term care options available. According to the survey, assisted living facilities are experiencing the quickest rise in cost among the various setting options for care.
The Connecticut Department of Insurance has rejected more applications for Long Term Care Insurance rate increases, this time for MetLife Insurance Company of Connecticut.
MetLife in Connecticut
MetLife submitted applications for 13 separate rate increases on Long Term Care Insurance policies in the state of Connecticut.
Several of the top Long Term Care Insurance companies have been forced to raise premium rates in the past few years due to a number of factors. Amidst all the rate increases, some policyholders have been less than pleased, but others have taken it in stride, recognizing that there is indeed a good reason behind the increases.