Monday, March 4, 2024
HomeinsuranceDo long-term care insurance benefits keep up with inflation?

Do long-term care insurance benefits keep up with inflation?

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Whether or not your long-term care insurance benefit keeps up with inflation depends on the policy you choose. Maskot / Getty Images
Inflation has been a hot topic over the past few years, and for good reason. Prices have been rising faster than they should in a healthy economy. Food, housing and general goods and services aren’t the only areas where prices are climbing. Long-term care costs are also significantly higher now than they were just a few years ago.
That, in turn, begs the question: Do long-term care insurance benefits keep up with inflation?
After all, when you invest in a long-term care insurance policy, you’re doing so to solidify access to the care you may need in the future. And, if your policy’s benefits don’t keep up with inflation, those benefits may not be enough to pay for your care.
Purchase long-term care insurance now to make sure you receive the care you deserve later.
Do long-term care insurance benefits keep up with inflation?

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