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Costs of Long Term Care Continue to Rise

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Tags: Long Term Care, long term care costs, long term care insurance

As long term care costs continue to rise the younger generation watches what is happening to their parents and grandparents and say they will plan for the future.  The annual average cost of nursing home care has reached $91,250 and assisted living is $43,200. Costs for care at home are rising more slowly with a home health aide at $20 per hour.  The Genworth Cost of Long Term Care study underscores why it is important to plan for long term care and shop carefully for long term care insurance. Longevity Alliance offers a Consumer's Guide to Long Term Care to assist people with understanding long term care insurance.

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Medicare Advantage Plans to Provide More Accurate Directory Listings

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Tags: Medicare advantage plans, Medicare open enrollment, Medicare Part D

New rules for Medicare Advantage and Medicare Prescription drug plans will provide consumers with more accurate information about networks and cost sharing pharmacies.  Consumer complaints over the  spurred the government to take steps to make sure the data consumers use to select a Medicare plan are accurate.  The new rules will effect 2016 plans which will be sold during the Medicare Annual Enrollment Period Oct. 15 - Dec. 7, 2015.

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