“Take the insurance coverage and risk COVID-19?,” by Amy Novotney, McKnight’s Senior Living

Quote:

“The pandemic is forcing many older Americans to make a choice between abandoning the long-term care benefits they’ve paid for over the years or face increased risk of contracting COVID-19. According to an analysis in Bloomberg Tuesday, Credit Suisse in June predicted more lapsed long-term care insurance policies and fewer claims as a result of concerns that moving into a nursing home or bringing a caregiver into one’s home could increase policyholders’ potential virus exposure.”

 

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

Ridiculous. What are your care options? A Medicaid nursing home? As always, LTCI means independence and choice.