It is projected that about 70 percent of individuals over 65 will require at least some type of long-term care services during their lifetime, from help with everyday activities of daily living or requiring supervision due to severe impairments to needing placement in a nursing home.
In this episode of Fight Back, we cover the state of long-term care in the country and the key issues surrounding insurance coverage: what is causing the skyrocketing rise in the cost of long-term care insurance plans, what are the new hybrid coverages that are packaged with life insurance policies, where can consumers find help with new or existing policies, and much more.
Our special guest is Bonnie Burns, who has more than 40 years of experience in long-term care insurance and works to improve consumer protections in state and federal legislation and regulations. She has served as a consumer representative to the National Association of Insurance Commissioners since 1992. She is a consultant to California Health Advocates providing training, educational materials, and technical assistance on long-term care insurance.