Long-Term Care Plan Costs To Jump for Some in California
About 6,600 Californians with long-term care insurance through Conseco will experience premium increases of 20% to 35% starting in July, with additional increases in subsequent years, because of financial problems at the company. Policyholders can pay the increases, scale back their benefits to pay lower premiums or receive a lump-sum, non-forfeiture benefit.
- "Long-Term Care Rates Jump, Seniors Worry" (Robertson, Sacramento Business Journal, 6/11).