topic AARP Does Its Constituents No Favors Touting LTC Insurance in Medicare & Insurance https://community.aarp.org/t5/Medicare-Insurance/AARP-Does-Its-Constituents-No-Favors-Touting-LTC-Insurance/m-p/2539144#M9218 <P><FONT size="4" color="#000000"><STRONG>Long Term Care insurance has become a Ponzi scheme. </STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>Story after story in the press highlights the issues with these offerings.</STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>From non-payment of covered services to the exponential increase of premiums, this insurance has a bad reputation.</STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>One recurring theme is the increasing of premiums until the insured can no longer afford the premiums and drop the policy. </STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>Protections don't exist for these products so there are substantial systemic situations that take advantage of those who buy these policies.</STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>AARP should NOT tout these policies as a responsible use of your finances.</STRONG></FONT></P> Sun, 18 Feb 2024 05:45:22 GMT nctarheel 2024-02-18T05:45:22Z AARP Does Its Constituents No Favors Touting LTC Insurance https://community.aarp.org/t5/Medicare-Insurance/AARP-Does-Its-Constituents-No-Favors-Touting-LTC-Insurance/m-p/2539144#M9218 <P><FONT size="4" color="#000000"><STRONG>Long Term Care insurance has become a Ponzi scheme. </STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>Story after story in the press highlights the issues with these offerings.</STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>From non-payment of covered services to the exponential increase of premiums, this insurance has a bad reputation.</STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>One recurring theme is the increasing of premiums until the insured can no longer afford the premiums and drop the policy. </STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>Protections don't exist for these products so there are substantial systemic situations that take advantage of those who buy these policies.</STRONG></FONT></P><P>&nbsp;</P><P><FONT size="4" color="#000000"><STRONG>AARP should NOT tout these policies as a responsible use of your finances.</STRONG></FONT></P> Sun, 18 Feb 2024 05:45:22 GMT https://community.aarp.org/t5/Medicare-Insurance/AARP-Does-Its-Constituents-No-Favors-Touting-LTC-Insurance/m-p/2539144#M9218 nctarheel 2024-02-18T05:45:22Z