Alert
Close

Take AARP’s Smart Driver course and you could save money on your car insurance. Learn more

HIGHLIGHTS

Open

2014 NATIONAL EVENT

Health & Wellness
AARP Auto Buying Program

DRIVER SAFETY

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

Contests and
Sweeps

Safe Driving in 2014 Sweepstakes

Learn how AARP Driver Safety can help you stay safe—and enter for a chance to win $1,000. See official rules. 

Download the ipad App

AARP-iPad-ePub-app

KEEP BRAIN ACTIVE!

AARP Games - Play Now!

AARP Books

Medicare for Dummies book cover

Get the answers you need, from Patricia Barry, AARP's Ask Ms. Medicare

Most Popular

Viewed

share your Thoughts

Reader stories help us fine-tune our education efforts and strengthen our calls for action on issues that matter most to you. We read and learn from every story and may use yours (with permission) to brief legislators, inspire other readers and more. Please share your story with us. Do

Comparing Long-Term Care Insurance Policies: Bewildering Choices for Consumers

This and Related Reports

Comparing one Long-Term Care Insurance Policy with another is a challenge, even for professionals, and little objective guidance is available to consumers. In this AARP Public Policy Institute Issue Paper, Bonnie Burns of California Health Advocates looks at the myriad decisions facing consumers considering the purchase of Long-Term Care Insurance (LTCI), and makes recommendations designed to ease the process. The paper examines

  • Types of Policies

  • Policy Features

  • Premiums and Premium Increases

  • Regulatory Issues

and reviews the critical questions involved in selecting the right LTCI policy, including

  • How many activities of daily living (ADLs) must be impaired to trigger benefits?

  • Which family members will not qualify as care providers for benefit payment?

  • What type of assisted living facility qualifies for benefits?

  • How is the daily benefit amount calculated?

  • How long will benefits last?

  • What risks are involved with limited-term policies?

Recommendations include:

  • Standardize policy definitions, benefits, features, and provisions.

  • Require all insurers to offer at least the same benefit packages that are offered through the Federal Long-Term Care Insurance Program.

  • Expand funding for the federally funded State Health Insurance assistance Programs (SHIP) so that more consumers could take advantage of the information and counseling they provide.

  • Require companies to offer a standardized option for paying family caregivers with appropriate monitoring.

  • Revise and update regulatory standards.

(33 pages)

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Woman trying on glasses in optometrists shop

Members save up to 60% on eye exams and 30% on glasses at JCPenney Optical.

Prescription medication spilling out of bottle

Members get a free Rx card from AARP® Prescription Discounts provided by Catamaran.

AngiesList

Members can save 25% to 45% on their Angie's List membership.

Caregiving walking

Caregiving can be a lonely journey, but AARP offers resources that can help.