The costliest states for long term care services

July 12, 2012 Marc

Genworth Financial has released a study regarding the most expensive places for assistance. A study by Genworth Financial Inc. has identified the states in which long term care insurance is most important due to the highest costs of services for the sick and the elderly. It found that Massachusetts has the highest price tags in the country for these services. Residents of the Bay State face the greatest expense for services designed for caring for the elderly and the unwell. At the same time, according to the study, the people…

Connecticut long term care premiums increase due to rising costs

June 26, 2011May 14, 2013

Many Connecticut insurance policy holders for long-term care have experienced a notable increase in their rates, marking the beginning of a trend that is likely to persist as a result of rising costs. Premiums spiked by double-digits for many among these policy holders, leaving them to wonder how much more they will need to pay in future months. Connecticut is not alone in these increases, as several other states have just filed rate actions, as well. These rate increases are being justified by rising costs and the need to compensate…