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Thanks to the Center for LTC Financing for bringing this article to my attention. BusinessWeek Online has a great article by Ellen Hoffman May 5, 2003, entitled "The Sickening Rise of Health Costs". She quotes a financial planner's recommendation that people "look into buying long-term-care insurance at a relatively young age -- in your 40s or 50s -- because premiums increase as you get older (see BW Online, 9/21/00, 'The Hidden Costs of Long-Term Care Policies').   This is important because long-term care isn't covered by Medicare, so unless you dispose of your assets and go on Medicaid, your costs will have to be paid some other way.  You won't get much help from Medicare, for example, for home health care."  This is one more recent example of a mainstream publication recommending long-term care insurance for younger people. Great advice to pass on to your prospects and clients. Click HERE to go to the story. You can also order reprints at the site.
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