| The longer we live, the
greater our concern about how we’ll pay for our long-term care.
The federal government has begun offering long-term care insurance
to its employees and retirees and their families. |
|
health problems. In fact,
the biggest advantage of the federal plan is the limited health underwriting
for active federal employees, military personnel, and their spouses.
In certain |
| The program,
because of its breadth, has some unusual bene- fits and some inherent
flaws that might be worth looking at as you consider building your
own long-term care package. The federal program is a joint venture
be- tween John Hancock and Metropolitan Life. Although there are many
aspects to the cov- erage, its major appeal will be to individuals
who are over 65 and those with significant |
|
cases,
many companies would consider these individuals uninsurable. The primary
shortcoming of the program is its noncompetitive pricing for healthy
individuals. The program provides a 75% limit for home care. Many
see this as a major reduction of coverage. If you don’t already
offer long-term care coverage, now’s the time to think about
it. Give us a call to discuss your options and whether this type of
coverage is right for your company |
