March 01, 2013
There's an adage about insurance coverage: While the big print giveth, the small print taketh away. Genworth Financial — one of the nation's largest long-term care insurance carriers - is giving the phrase a new twist.
Genworth Financial announced that it is taking several of its long-term care insurance options off the table.
Average charges for living in long-term care facilities, including nursing homes and assisted living facilities, increased by healthy amounts in 2011, while in-home care costs stayed relatively the same, according to a new survey.
