Financial Security in Later Life

 

     
 

  • Your only source of income is Social Security benefit or Supplemental Security Income (SSI).
  • You often have trouble paying for utilities, food, medicine, or other important needs.
  • You have sufficient income and assets to protect you and your spouse/partner against the risk of long term care AND you are willing to use those resources to pay for your care.
  • If you can't afford a policy that would cover significant long term care expenses.

Sources

Health Insurance Association of America (1997). Long Term Care: Knowing the Risk, Paying the Price. HIAA, Washington, DC.

National Association of Insurance Commissioners (1999). A shoppers guide to long term care insurance. In Hearing before the Speical Committee on Aging United States Senate. Making Long Term Care Affordable. Serial No. 106-13. U.S. Government Printing Office Washington: 2000.

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Department of
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