Why we chose it: We chose New York Life as the best long-term care insurance company for financial stability because it has ...

How Much Does Long Term Care Insurance Cost? Long-term care insurance covers costs for nursing homes, hospices, or in-home specialized care—expenses often not included in traditional healthcare plans.

“We’ve been paying into long-term-care insurance since we were in our mid-50s,” said a friend, now in her late 60s. “But with all of the premium increases, we might have been better off just investing ...

For Laurie Craigen, the realities of senior medical costs hit hard when her grandmother needed hospice care. “It was a stressful time for the family because we were trying to figure out how to keep ...

Deciding between a stand-alone or hybrid long-term care policy can be confusing. We asked ChatGPT for advice, then had a licensed long-term care insurance specialist review its answer line by line.

Most Americans think Medicare covers long-term care, the regimen of daily help that many seniors will eventually require. It does not. That basic misunderstanding has retirement experts worried. It ...

Stand-alone long-term care insurance policies have been waning in popularity, owing to a combination of skyrocketing premiums and difficult claims experiences by consumers. In their place, so-called ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

Forbes contributors publish independent expert analyses and insights. I cover tax, budget and retirement policy from Washington Three things are true about long-term care, though many Americans don’t ...

How do you figure out who should pay for someone’s long-term care? Should my mom’s husband of 34 years pay for her memory ...

Years ago, when I was reporting on health care for The Connecticut Mirror, it was hard to get through a week without hearing about trouble brewing in the long-term care insurance industry. Frustrated ...