“Four Ways the Coronavirus Pandemic May Affect Long-Term Care Insurance,” ElderLawAnswers

Quote:

“The coronavirus pandemic has had a devastating impact on the elderly, particularly those in nursing homes and other long-term care facilities. This has raised questions about how the virus has influenced the costs and provision of long-term care insurance, which covers care in facilities and sometimes at home as well. … There are lots of uncertainties regarding long-term care, insurance, and coronavirus. To read the full US News and World Report article about what we do know, click here.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Elderlaw attorneys’ criticism of private LTC insurance displays their rank hypocrisy. Medicaid planning to artificially impoverish their affluent clients landed those clients in welfare-financed nursing homes vulnerable to the Covid-19 contagion. If they’d had long-term care insurance instead, if they’d listened to their LTCI advisor instead, those Medicaid planning clients now trapped in nursing homes would have had choices of care venue and control over their lives and health.