Long-Term Care Insurance

Long-Term Care Insurance

As America ages, more people are considering insurance for long-term care. Diane and her panel of experts discuss what the policies cover and who should purchase them.

As Americans age, more people are considering insurance for long-term care. Medicare and health insurance pay for immediate medical needs, but not for nursing homes, assisted-living centers or home care, all of which can cost thousands of dollars every month. Just eight million Americans carry long-term-care insurance. Though they can be a huge help, the policies can be confusing and risky, and come with expensive premiums. You have to be healthy to get it and, even if you have it, you only get the benefits if you medically qualify. Diane and her panel of experts discuss the pros and cons of long-term-care insurance.


Ron Pollack

executive director of Families USA, a national non-profit organization for health care consumers.

Kenneth Apfel

Professor and Director,Management, Finance and Leadership Program, University of Maryland School of Public Policy; and former Commissioner of the Social Security Administration (SSA) from 1997 until his term ended in January 2001.

Kimberly Lankford

Contributing Editor, Kiplinger's Personal Finance

Howard Gleckman

Resident Fellow, Consultant and Editor of the TaxVox Blog at The Urban Institute; author of "Caring for Our Parents."

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