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Baby Boomers Confused About Medicare, According to Recent NAIC Survey
Date:2/26/2008

have been

filed against them. Also research what types of services the discount

card covers and whether your physician/dentist accepts the discount

card. Contact your state insurance department, attorney general's

office and/or Better Business Bureau for more information.

10. Consider purchasing long-term care coverage. This type of insurance

covers the cost of services for nursing homes, assisted-living

facilities and in-home caregivers when individuals are unable to

perform activities of daily living - such as eating, dressing and

bathing. However, long-term care insurance isn't for everyone. If you

are currently receiving Social Security or expect to have minimal or

no retirement savings, you will likely qualify for state aid and

should not purchase long-term care insurance. Be wary of advertising

that suggests Medicare is associated with a long-term care policy.

Medicare does not endorse or sell long-term care insurance.

ABOUT THE NAIC

Headquartered in Kansas City, Missouri, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC's overriding objective is to assist state insurance regulators in protecting consumers and helping maintain the financial stability of the insurance industry by offering financial, actuarial, legal, computer, research, market conduct and economic expertise. Formed in 1871, the NAIC is the oldest association of state officials. For more than 135 years, state-based insurance supervision has served the needs of consumers, industry and the business of insurance at-large by ensuring hands-on, frontline protection for consumers, while providing insurers the uniform platforms and coordinated systems they need to compete effectively in an ever-chang
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SOURCE National Association of Insurance Commissioners
Copyright©2008 PR Newswire.
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