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Reply to "Feds, did you buy long term care?"
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[quote=Anonymous]I'd be really cautious about buying long term care right now. There was a systemic mispricing issue across the industry. Insurance companies as a whole grossly miscalculated what their actual payouts would be, and are currently in the process of drastically raising rates to cover. Honestly, my opinion is that LTC might be in a death spiral. The prices they would have to charge to cover actual costs will deter a lot of new signups. https://www.washingtonpost.com/news/get-there/wp/2017/04/17/long-term-care-insurance-facing-major-pricing-shift/?utm_term=.b3b97dff1f07[/quote]
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