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Elder Law

Costs of New Long-Term Care Insurance Policies Vary Considerably

August 1, 2023

The old advice — it pays to shop around — has never been more true than with today's long-term care insurance market. Industry figures have shown the spread between the lowest and highest cost for virtually identical coverage running well over 200%.

Long-term care insurance is one piece of an elder-law plan. Medicaid planning, self-pay strategies, and hybrid life-insurance products are the others. The right mix depends on age, health, and what the rest of the plan is doing.

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