“How to Protect Yourself and Your Family From Long-Term Care Insurance Scams,” by Brian O’Connell, The Street

Quote:

“Long-term care insurance consumers — usually upper-middle age and older Americans — face enough hurdles in finding the best policies. Complicated contracts, high fees and charges, and booming premiums await any long-term care insurance buyer. On top of that lurks another, more sinister issue for buyers, and it’s one of the worst forms of elder fraud — long-term care insurance fraud. It’s a big problem, given the skyrocketing costs of long-term care services these days, and the burgeoning need for long-term care financial help.”

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

I’ve seen no evidence this kind of fraud is growing and whenever I asked Insurance Commission officials about it in the many state level studies I’ve conducted over the years, they invariably claimed the incidence was nil.

How to Protect Yourself and Your Family From Long-Term Care Insurance Scams

#scams
#goldencareagent