Policies sold offered a wide range of benefit options and policy design flexibility at stable and affordable premiums. All offered nursing home, home health care, and adult day care. Eleven plans also offered alternate care and respite care benefits. Hospice care was covered by 10 insurers. All plans conform to the National Association of Insurance Commissioners' Model Act and Regulation inflation protection.
All plans offer an optional non-forfeiture benefit to policyholders.
The current LTC financing system is bankrupting families and burdening taxpayers. Congress and the Administration are debating reduced government funding for Medicare and Medicaid. The cost of LTC is straining public budgets today. The pressure will increase as we enter the 21 st century. The LTC financing system can be reformed through a public policy that promotes the notion that people who can pay their own care should pay for their own care.