Recent content by wesnyc

I'm self-insuring; and actually while I still have an LTC policy, I will be abandoning that policy at year's end (I started another LTC post about a rude surprise from Genworth, hiking rates in NY State by 60%....). I've decided to cut my losses and forego LTCI. I'm not sanguine about future...

Good question--I'm not sure. Interestingly my financial advisor told me that the policy I currently have would now cost me between $12,000 and $14,000 a year were I just signing on--which obviously makes $5,000 seem like a real bargain--frankly even $8,000. My concern is though that with new...

I'm 62--the current LTC policy has an elimination period of 90 days; monthly maximum of $10,000; lifetime maximum of $600,000. I know that sounds like I've massively over-covered but not for New York City.

I've seen posts on Long Term Care Insurance but haven't found a thread on this so forgive me if this is a duplication. I've just received a very rude surprise from Genworth. I have LTC insurance through them--began this policy in 2008 and it has cost me just under $5,000 a year--so that means...