Why Is My Long-Term-Care Insurance Getting More Expensive?
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Why Is My Long-Term-Care Insurance Getting More Expensive?

Why Is My Long-Term-Care Insurance Getting More Expensive?

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Long-term-care (LTC) insurance promises to protect families (in whole or in part) against having to spend their own assets and income to pay for services at adult daycares, assisted-living facilities, nursing home and other care environments. However, in recent years, numerous LTC-insurance companies have raised premiums -- sometimes repeatedly.

Many of the affected policyholders have had their contracts in force for years or decades. And a non-negligible number are on fixed incomes.

Rate hikes thus place many seniors in the position of having to decide among accepting reductions in promised benefits, stretching their meager incomes almost to breaking points, or possibly losing their coverage entirely. And this comes when a significant portion of them are nearing, or have arrived at, ages for which a need for coverage is increasingly likely.

The are several reasons given for the premium increases.

(1) Actuaries miscalculated the relevant risk probabilities when policies were first introduced.
(2) Additionally, they underestimated the length of time claimants would live once they required LTC.
(3) Moreover, they overestimated the number of contracts that would lapse before claims were filed.
(4) Furthermore, companies reserves have been negatively impacted by the recent and extended low interest-rate environment.

Essentially, the problem is that LTC-insurance companies fear they will be unable to afford to pay out all the benefits that have been promised.

There are also multiple proposed solutions or workarounds -- though, none of them is ideal.

(1) Companies could raise premiums for every policyholder (or for all policyholders in a particular class) -- increasing the funds available to pay claims.
(2) They could reduce benefits -- decreasing the amount that they would be expected to pay out.
(3) Some people could cancel, terminate, or otherwise let their policies lapse -- decreasing the number of people for whom benefits might have to be made available.
(4) Insurance companies could be given permission to place their reserves in investments that are riskier than ones they currently fund -- hoping to obtain rates of return that may make up the present monetary shortfall.
(5) Some sort of LTC "co-pay" could be introduced -- effectively sharing the cost of future benefits with claimants as proceeds are paid out.

There are no easy answers.

For more discussion, check out:

InsurancePrescription.com

Disclaimer: This video is intended for general informational and entertainment purposes only. I cannot give financial, legal, medical, retirement, or insurance / LTC-related advice. If you need help thinking through the particulars of your own situation, please consult licenses experts who have access to all your pertinent information.

 

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معلومة اليوم

عندما نزل الانسان الأول على سطح الأرض، كانت الأرض متوازنة وجاهزة لاستقباله والعيش فيه بهدوء وسلام ،

ولكن بعد تطور الإنسان واختراع العديد من الوسائل الحديثة، خاصة بعد أن بدأت الثورة الصناعية تلوث الأرض. مع مرور الوقت والتقدم البشري واستبدال كل شيء طبيعي بكل ما هو صناعي، تبدأ الأرض في التغير. التغييرات الأولى التي حدثت على الأرض هي زيادة درجة الحرارة والتآكل التدريجي لطبقة الأوزون التي تحمي الأرض من أشعة الشمس الضارة. لسوء الحظ، يتوقع العلماء أنه إ

ذا استمر الإنسان في تلويث الأرض، سيأتي يوم وستنتهي الحياة على هذا الكوكب الأزرق. أحد الأسباب الرئيسية للاحتباس الحراري هو قطع الأشجار

والاستخدام الواسع النطاق لمبيدات الآفات وإطلاق ثاني أكسيد الكربون من السيارات والمعدات الثقيلة. الحل الوحيد لحل مشكلة الاحترار العالمي هو زيادة المساحات الخضراء التي تنتج المزيد من الأكسجين، وتقليل ثاني أكسيد الكربون الناتج عن حرق النفط ومشتقاته، ومنع البناء على الأراضي الزراعية، واستبدال الصناعات التي تنتج ثاني أكسيد الكربون.

معلومه عن الاكل والغذاء

يُعتبر الفلفل الحلو، والقرع، والخيار من الفواكه، وذلك لأنها ثمار تطورت من الأزهار وتحتوي على البذور، وكذلك يُعتبر العنب، والكيوي، والموز، من أنواع التوت، لأنها تطورت من زهرة ومِبيض واحد.

البروكلي مُساعد مهم لتخفيض مستوى الكوليسترول من الدم، وبه أيضاً مُركبات مقاومة للسرطان.

تحتوي البطاطا على كمية من البوتاسيوم أكثر من تلك الموجودة في الموز، فالبوتاسيوم عُنصر مهم لتقوية العضلات في جسم الإنسان، وللسيطرة على ضغط الدم.

يُعتبر الحليب المصدر الأساسي للكالسيوم، ولكن كوب من التين المُجفف يحتوي على كمية من البوتاسيوم تُعادِل تلك الموجودة في الحليب، والتين أيضاً غني بالألياف، ولكنه بالمقابل يحتوي على نسبة عالية من السكر، والسُّعرات الحرارية.

الكيوي من أهم الفواكه المُفيدة للقلب، فهو مليء بالفيتامينات، والمعادن، والبوتاسيوم، وكمية فيتامين (ج) فيه ضعف تلك التي توجد في البرتقال.

الوصف

Long-term-care (LTC) insurance promises to protect families (in whole or in part) against having to spend their own assets and income to pay for services at adult daycares, assisted-living facilities, nursing home and other care environments. However, in recent years, numerous LTC-insurance companies have raised premiums -- sometimes repeatedly.

Many of the affected policyholders have had their contracts in force for years or decades. And a non-negligible number are on fixed incomes.

Rate hikes thus place many seniors in the position of having to decide among accepting reductions in promised benefits, stretching their meager incomes almost to breaking points, or possibly losing their coverage entirely. And this comes when a significant portion of them are nearing, or have arrived at, ages for which a need for coverage is increasingly likely.

The are several reasons given for the premium increases.

(1) Actuaries miscalculated the relevant risk probabilities when policies were first introduced.
(2) Additionally, they underestimated the length of time claimants would live once they required LTC.
(3) Moreover, they overestimated the number of contracts that would lapse before claims were filed.
(4) Furthermore, companies reserves have been negatively impacted by the recent and extended low interest-rate environment.

Essentially, the problem is that LTC-insurance companies fear they will be unable to afford to pay out all the benefits that have been promised.

There are also multiple proposed solutions or workarounds -- though, none of them is ideal.

(1) Companies could raise premiums for every policyholder (or for all policyholders in a particular class) -- increasing the funds available to pay claims.
(2) They could reduce benefits -- decreasing the amount that they would be expected to pay out.
(3) Some people could cancel, terminate, or otherwise let their policies lapse -- decreasing the number of people for whom benefits might have to be made available.
(4) Insurance companies could be given permission to place their reserves in investments that are riskier than ones they currently fund -- hoping to obtain rates of return that may make up the present monetary shortfall.
(5) Some sort of LTC "co-pay" could be introduced -- effectively sharing the cost of future benefits with claimants as proceeds are paid out.

There are no easy answers.

For more discussion, check out:

InsurancePrescription.com

Disclaimer: This video is intended for general informational and entertainment purposes only. I cannot give financial, legal, medical, retirement, or insurance / LTC-related advice. If you need help thinking through the particulars of your own situation, please consult licenses experts who have access to all your pertinent information.

شاهدة ولآول مرة Long-term-care (LTC) insurance promises to protect families (in whole or in part) against having to spend their own assets and income to pay for services at adult daycares, assisted-living facilities, nursing home and other care environments. However, in recent years, numerous LTC-insurance companies have raised premiums -- sometimes repeatedly.

Many of the affected policyholders have had their contracts in force for years or decades. And a non-negligible number are on fixed incomes.

Rate hikes thus place many seniors in the position of having to decide among accepting reductions in promised benefits, stretching their meager incomes almost to breaking points, or possibly losing their coverage entirely. And this comes when a significant portion of them are nearing, or have arrived at, ages for which a need for coverage is increasingly likely.

The are several reasons given for the premium increases.

(1) Actuaries miscalculated the relevant risk probabilities when policies were first introduced.
(2) Additionally, they underestimated the length of time claimants would live once they required LTC.
(3) Moreover, they overestimated the number of contracts that would lapse before claims were filed.
(4) Furthermore, companies reserves have been negatively impacted by the recent and extended low interest-rate environment.

Essentially, the problem is that LTC-insurance companies fear they will be unable to afford to pay out all the benefits that have been promised.

There are also multiple proposed solutions or workarounds -- though, none of them is ideal.

(1) Companies could raise premiums for every policyholder (or for all policyholders in a particular class) -- increasing the funds available to pay claims.
(2) They could reduce benefits -- decreasing the amount that they would be expected to pay out.
(3) Some people could cancel, terminate, or otherwise let their policies lapse -- decreasing the number of people for whom benefits might have to be made available.
(4) Insurance companies could be given permission to place their reserves in investments that are riskier than ones they currently fund -- hoping to obtain rates of return that may make up the present monetary shortfall.
(5) Some sort of LTC "co-pay" could be introduced -- effectively sharing the cost of future benefits with claimants as proceeds are paid out.

There are no easy answers.

For more discussion, check out:

InsurancePrescription.com

Disclaimer: This video is intended for general informational and entertainment purposes only. I cannot give financial, legal, medical, retirement, or insurance / LTC-related advice. If you need help thinking through the particulars of your own situation, please consult licenses experts who have access to all your pertinent information.  بدقة مذهلة مع موقع فيديو لايف وبدون أزعاج او صفحات مزعجة حتي لو كان أتصالك ضعيف

موقع فيديو لايف هو موقع يوفر الك أحدث وأهم الاخبار والتفاصيل والفيديوهات المميزة ويمكنك المشاركة بسهولة كما اننا نوفر محتوي مميز

نتمني لك أسعد الاوقات بالمشاهدة  

Long-term-care (LTC) insurance promises to protect families (in whole or in part) against having to spend their own assets and income to pay for services at adult daycares, assisted-living facilities, nursing home and other care environments. However, in recent years, numerous LTC-insurance companies have raised premiums -- sometimes repeatedly.

Many of the affected policyholders have had their contracts in force for years or decades. And a non-negligible number are on fixed incomes.

Rate hikes thus place many seniors in the position of having to decide among accepting reductions in promised benefits, stretching their meager incomes almost to breaking points, or possibly losing their coverage entirely. And this comes when a significant portion of them are nearing, or have arrived at, ages for which a need for coverage is increasingly likely.

The are several reasons given for the premium increases.

(1) Actuaries miscalculated the relevant risk probabilities when policies were first introduced.
(2) Additionally, they underestimated the length of time claimants would live once they required LTC.
(3) Moreover, they overestimated the number of contracts that would lapse before claims were filed.
(4) Furthermore, companies reserves have been negatively impacted by the recent and extended low interest-rate environment.

Essentially, the problem is that LTC-insurance companies fear they will be unable to afford to pay out all the benefits that have been promised.

There are also multiple proposed solutions or workarounds -- though, none of them is ideal.

(1) Companies could raise premiums for every policyholder (or for all policyholders in a particular class) -- increasing the funds available to pay claims.
(2) They could reduce benefits -- decreasing the amount that they would be expected to pay out.
(3) Some people could cancel, terminate, or otherwise let their policies lapse -- decreasing the number of people for whom benefits might have to be made available.
(4) Insurance companies could be given permission to place their reserves in investments that are riskier than ones they currently fund -- hoping to obtain rates of return that may make up the present monetary shortfall.
(5) Some sort of LTC "co-pay" could be introduced -- effectively sharing the cost of future benefits with claimants as proceeds are paid out.

There are no easy answers.

For more discussion, check out:

InsurancePrescription.com

Disclaimer: This video is intended for general informational and entertainment purposes only. I cannot give financial, legal, medical, retirement, or insurance / LTC-related advice. If you need help thinking through the particulars of your own situation, please consult licenses experts who have access to all your pertinent information.

الكلمات الدلالية: Long-term-care (LTC) insurance promises to protect families (in whole or in part) against having to spend their own assets and income to pay for services at adult daycares, assisted-living facilities, nursing home and other care environments. However, in recent years, numerous LTC-insurance companies have raised premiums -- sometimes repeatedly. Many of the affected policyholders have had their contracts in force for years or decades. And a non-negligible number ar, stretching their meager incomes almost to breaking points, or possibly losing their coverage entirely. And this comes when a significant portion of them are nearing, or have arrived at, ages for which a need for coverage is increasingly likely. The are several reasons given for the premium increases.(1) Actuaries miscalculated the relevant risk probabilities when policies were first , they underestimated the length of time claimants would live once they required LTC.(3) Moreover, they overestimated the number of contracts that would lapse before claims were filed.(4) Furthermore, companies reserves have been negatively impacted by the recent and extended low interest-rate environment.Essentially, the problem is that LTC-insurance companies fear they will be unable to afford to pay out all the benefits that have been promised.There are also multiple proposed solutions or workarounds -- though, none of them is ideal.(1) Companies could raise premiums for every policyholder (or for all policyholders in a particular class) -- increasing the funds available to pay claims.(2) They could reduce b, terminate, or otherwise let their policies lapse -- decreasing the number of people for whom benefits might have to be made available.(4) Insurance companies could be given permission to place their reserves in

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