News Headlines Article

Long-term care rates jump, seniors worry
Sacramento Business Journal

Marie Hulbert, now 78, made her first monthly payment of $98.62 on her long-term care policy in November 1989. The Carmichael resident pays $160.83 now, but she’s been notified it will go up a whopping 145 percent over the next four years to $721 a month in mid-2014. That includes 35 percent increases in July, September, December 2011 and March 2013. There’s a final 5 percent increase in June 2014.