Long Term Care in Tennessee
Tennessee, better known as the Volunteer State by natives, is situated in the Southeast and is world famous for its country music scene that has produced artists like Dolly Parton, Johnny Cash, and Elvis Presley. The state is also home to one of the world’s largest aquariums, the Tennessee Aquarium in Chattanooga, which holds more than 12,000 animals. Tennessee’s main industry is agriculture and like most of the Southern states, boasts lower medical costs than the rest of the nation. Long term care preparation is still a crucial part of financial planning, however, and residents of the Volunteer state are[…]
Long Term Care in South Dakota
In the Midwest lies South Dakota, one of the few states in America with a lot of land and not a lot of people. South Dakota is famous for its large numbers of Native Americans, specifically the Lakota and Dakota tribes, for which the state was named. The state has a small but booming economy, regularly being named in the top 10 states for business, with continuously low unemployment. Although the average state cost for long term care is lower than the national average, rural, isolated areas might experience higher costs. Either way, South Dakotans need to start planning now[…]
CalPERS Sued Over Long Term Care Insurance Rate Increases
A lawsuit was brought against CalPERS, the California Public Employees’ Retirement System, on Tuesday over the agency’s recent Long Term Care Insurance rate increases.
Retirees Bring Class Action
The class action suit against CalPERS was filed in Los Angeles Superior Court on behalf of more than 100,000 California residents. The lawsuit claims the government agency deliberately deceived consumers who purchased Long Term Care Insurance policies by assuring the premium rates would remain “reasonably priced”.
CalPERS began selling Long Term Care Insurance policies in 1995. Last fall, premium rate increases of 85% were approved for implementation in 2015. CalPERS attributed the need for rate[…]
Long Term Care in South Carolina
South Carolina lies in the Southeast and enjoys a fairly rural inland area and a much more crowded coastline. The capital Columbia is also the state’s largest city and home to the University of South Carolina. Hilton Head, Myrtle Beach, Charleston, and Kiawah are just some of the beach towns and cities that line the coast and are replete with full time residents and the tourists who flock to the resorts, golf clubs, restaurants, and shopping outlets. Fortunately for South Carolinians, the state has some of the lowest long term care costs in the nation; however, even the “low cost”[…]
Long Term Care in Rhode Island
Rhode Island, located in the New England region, is both the smallest state and the 2nd most densely populated state in the country. The Ocean State is home to a humid continental climate and the geography is mainly flat with a number of beaches along the Atlantic coastline. Health services make up Rhode Island’s largest statewide industry; despite this, long term care costs are more expensive in Rhode Island than the national average. The state has taken some steps to address the growing cost of long term care.
[youtube height=”300″ width=”450″]https://www.youtube.com/watch?v=qsjWs1Dj70Y[/youtube]Rhode Island established the Long Term Care Insurance Partnership Program[…]
Long Term Care in Pennsylvania
One of the original 13 colonies, Pennsylvania is now the 6th most populous state in the United States with more than 12.7 million residents. In addition to a booming population, the state also enjoys a growing economy, pulling in the 6th largest gross state product (GSP) in the country. The state economy relies heavily upon banking and agriculture. Pennsylvanians, like many other Northeasterners, have some of the most expensive long term care in the nation and need to be properly prepared for long term care when the time comes.
[youtube height=”300″ width=”450″]https://www.youtube.com/watch?v=s2GopXfWn4I[/youtube]Pennsylvania began its own Long Term Care Insurance Partnership[…]
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