Long-term insurance policies are focused on issues such as day-to-day living expenses and the assistance some people need to live life to the fullest. It’s not an uncommon policy to find in people’s portfolio, especially as a office devoted to elder car law and estate planning.

However, the industry behind these policies is in trouble, and policyholders are feeling the pressure from it. Kaiser Health News’ Barbara Ostrov wrote about this very issue, as seen on TIME.com. To wit:

But insurers botched just about every aspect of the policies they sold in the early days of the industry, said Joseph Belth, a retired professor of insurance at Indiana University known as one of the insurance industry’s toughest critics.

Another issue is Medicare’s role – or lack of one. Many people assume Medicare will help pay for most of their living expenses upon retirement, and are often shocked to discover a different scenario altogether when it comes time to retire. And that’s another reason long-term care planning has become thornier than it would seem for many Americans.

Read more on this story, and then contact us regarding any questions you have for your long-term planning needs – it’s our specialty, and we’re here to help.