John Hancock

Major insurers say they will hike premiums on long-term care policies

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Long-term care insurance policyholders should expect rate hikes, two of the most prominent vendors in the market have announced.

Room charges now top $94K

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The cost of a private nursing home room increased an average of more than 3% annually during the past five years, and currently averages more than $94,000, according to a new survey.

Cost of private nursing home room now more than $94K, Hancock finds

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The cost of a private nursing home room rose an average of more than 3% per year during the past five years, and currently averages annually at more than $94,000, according to a new survey.

Why the likely demise of LTC insurance isn't all bad

Why the likely demise of LTC insurance isn't all bad

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Two decades ago, private long-term care insurance was seen as a can't-miss option for funding future nursing home costs. But like many of the people who purchased policies back then, the product now finds itself in pretty bad shape.

Senator rips federal long-term care insurance program for 'unacceptable' premium hikes

A federal long-term care insurance program that was supposed to usher in a new era of acceptance by a skeptical public was criticized Wednesday at a Senate hearing. The gathering was called after more than half of those enrolled in the federal long-term care insurance (FLTCI) program found they were facing a significant—and unexpected—rate increase.