“All retirees must plan today for the possibility that they will experience significant long-term care health expenditures. Large unplanned expenses, such as those relating to long-term care, have the potential to wreak havoc on a retirement income plan.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
This is a very long excerpt from an even longer “white paper.” Unfortunately, neither the abridged nor the full version takes account of Medicaid’s role as the dominant funder of long-term care in the U.S. This oversight obviates the paper’s conclusions about the need and demand for LTC insurance. You can’t ignore the elephant in the room and still say anything valuable about LTC risk in retirement.

Managing Long-Term Care Spending Risks in Retirement

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