Long-Term Care Insurance Premiums Skyrocket

Jul 3rd, 2012

Category: Blog

Long-Term Care Insurance Premiums Skyrocket

Many seniors are opening their mail to shocking news from their long-term care insurance companies. Their premiums are increasing this year by 10 to 32% on average, with some insurers increasing prices by as much as 90%.

As a result, thousands of seniors on fixed incomes are choosing to reduce their future benefits in order to minimize their rate hikes. The News & Observer out of Raleigh, North Carolina, details one family’s struggle with this issue and provides troubling information about the insurance industry’s trend toward higher rates. The article points out that government is limited in its ability to control these rate increases and says that, because of the financial implications, some insurance companies have stopped offering long-term care policies altogether.

Now more than ever, it’s time for an alternative to traditional long-term care insurance. At ASSI, our service contracts offer the most viable and dependable alternative to traditional home healthcare. We are a trusted service provider that successfully serves thousands of seniors in 38 states (including North Carolina), through a commitment to integrity and financial responsibility.

We invite you to learn how ASSI could be the alternative to long-term care insurance that you’ve been looking for. Contact Us today.