State Governments are Snookering Seniors( Boomers...),Health

Boomers Beware!

ONTARIO, Calif., March 4 /PRNewswire/ -- Seniors have done their share. Millions stepped up and bought long-term care insurance policies. Unfortunately, big insurance and state government have failed to stop runaway premium increases. Those who bought and paid for rich coverage have been forced to lapse their policies. Now, long-term care insurance has your states' seal of approval and endorsement.

Last week's Wall Street Journal cover story detailed how the State of California sent millions of "pitch letters, urging low and middle-income residents to buy long-term care insurance to cover future nursing home bills." States Draw Fire for Pitching Citizens On Private Long-Term Care Insurance, see wsj.com.

"75 million Americans over 50, are aggressively being targeted for long-term care," says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer. "Why hasn't State government stopped runaway premium rate increases? Seniors need to keep their coverage."

Some insurance companies, greedy for market share, oversold and under priced long-term care. Why? Long-term care generates 10 million dollar a year in premiums. Policies were poorly underwritten, had generous contract language and paid big commissions. These same carriers are now succeeding with repeated rate increases. See http://www.darrasnews.com.

The Journal went on to say, "Behind the plug: California, like many other states, is trying to curb the high costs of long-term care paid under Medicaid. Last year, Medicaid expenditures for nursing-facility and other long-term care bills hit $100 billion. Along with California, 14 other states are now endorsing long-term care policies under marketing partnerships with the insurance industry. More than a dozen others are getting started."

Seniors can't endorse big insurance or put faith in long-term ca
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