Q. Where can I get information about the options to offset the huge increase from $267.73 to $605.07? What are the end results regarding coverage changes for the possible options?
Q. I’m about to retire from the government. All of the financial advisers I talk to say that my spouse and I should buy long-term care insurance, but the monthly cost is so high I can’t afford it. Is the long-term care insurance offered through the federal government (FLTCIP) worth buying for my wife and I? Note – I don’t expect to have an enormous amount of monthly income at retirement and insurance is eating up my projected monthly budget.