Half of adults over 65 lack dental insurance, study finds

Dental Insurance - Study - Dental Work - Dentist

A December 2019 poll conducted by the University of Michigan revealed that around 50% of adults aged 65 to 80 go without dental insurance. The same poll, titled the University of Michigan National Poll on Health Aging, also found that cost is a main factor in choosing whether or not to opt-in to dental insurance — and that NOT having dental insurance is the main reason people choose to forgo needed dental care.  Lack of Insurance Affects Ability to Get Proper Care The poll found that 1 in 5 adults…

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7 Vital Skills Every Nurse Should Master

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Nurses work with doctors and ensure that the patients receive the best medical care. They are the right-hand of doctors and provide support to all healthcare workers and patients simultaneously. Nurses worldwide often work for long hours; still, they are mostly found in high spirits. They perform their medical duties with vigilance and give emotional support to the patients and their families. Nurses are the backbones of the healthcare sector, and without their contribution, the medical industry cannot survive.  Nurses deal with all types of people and often handle people in…

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National Guardian Life Insurance Company brings new LTC coverage to California

National Guardian Life Insurance Company - elderly care

The stand-alone LTC insurer is expanding its selling to the state starting on July 6. The National Guardian Life Insurance Company has announced that it will be bringing its EssentialLTC long term care policy to California next month. The stand-alone LTC insurance policy will become available to Californians starting next week. This announcement means that the National Guardian Life Insurance Company long term care policy will have expanded across the entire country aside from New York and Montana. This coverage is sold through traditional associations, distributions and worksite marketing programs.…

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Younger Americans are seeking long term care insurance policies

Long Term Care Insurance Policies - Hospital room

vA MassMutual survey showed that the demand continues to remain solid among consumers. Long term care insurance policies continue to hold their appeal among younger Americans, according to the results of a recent MassMutual survey. Insurers have been withdrawing from this market which comes with expensive chronic care benefits. Despite the concerns among insurers, many consumers are still very interested in investing in long term care insurance policies. The research showed that consumers also like the idea of being able to purchase this coverage as a part of a package…

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Fitch labels General Electric insurance “risky”, sending share prices tumbling

General Electric Insurance - long term care

A new report called the long term care insurance backer the riskiest one in that sector. A new Fitch Rating report referred to General Electric insurance as one of the riskiest backers of long term care coverage. It pointed to the company’s substantial claims exposure and comparatively small cash reserves for paying those claims. As a result of the new designation, G.E. saw its shares take a nose dive at the start of the week. The Fitch Ratings report is issued annually. The credit ratings agency underscored concerns outlined by…

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Traditional long term care insurance policy sales maintain downward slope

Traditional long term care insurance - Hand over senior citizens

Data shows that Americans are buying fewer LTC policies year over year. Americans are no longer purchasing traditional long term care insurance at the same rate they used to. In 2018, they bought only about 60,000 stand-alone policies in that category. That represents a drop of 13 percent year over year. Falling sales mean fewer insurance companies are participating in this coverage sector. Only about 15 carriers actively sold traditional long term care insurance policies last year. Moreover, among them, five took in over three quarters of the entire market,…

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Long term care insurance rate reform takes a top spot for NAIC

long term care insurance rates - costs

State insurance commissioners across the country are taking on the rapidly growing pricing problem. State insurance commissioners throughout the U.S. have taken on the growing issue of long term care insurance rate growth. The industry has seen skyrocketing prices as a result of a slew of challenges in this area of coverage. The problems in the LTC insurance industry have been growing over several decades. Long term care insurance rate reform has been necessary for a long time. Over the last decades, insurance companies have been finding that their models…

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