This is a complaint and a word of caution... Back approx 15 years ago I took out a long term health care policy through the Blue Ridge Mountain EMC in N. E. Georgia. This was something I thought was a smart move as all of us get older and think it helps with expenses and a load off your family. In the beginning, it was Great
American Life Ins. Company. I paid this company the payment every quarter for many years. Several years ago they wanted me to switch to some other company and I opted to stay with them. Things went ahead and then the premium started going up. I'm thinking it is a once in a few year thing, so I continued to pay the payments. Until recently, I get a letter from a company called Continental General Ins. Co. They were letting me know that my premium is going up 16% more. Who is Continental? As I looked closer it is part of this Great American Life company. It appears they have more companies like Loyal American Life Ins. Co. In the course of this policy I have had several increases and now the bait and switch thing has taken place. They know that as you age and you income is limited they will just price you out of your policy. At least that is how it appears to me.
In retrospect, I do not recommend a long term policy. The cost of long term is several thousand a month. This policy would pay only 100.00 per month and cap at 300,000.
Invest your money in a good bank saving account with interest and along with your SS and retirement you do not need a long term policy. Not to mention government payments kick in for those who fall short. I never thought I would agree with Ralph Nader on anything, but today I agree most insurance is a rip off.
Most health care is way over priced. Hospitals way over priced. Don't misunderstand, I'm not pushing Obamacare or socialized medicine. However, there is a need to reform not only the VA, but stop the greed within the public arena. I have figured out two things to add to the list of absolutes... drugs are the plaque of the planet and greed is the down fall.
This country can do much better than it is doing. It is the greatest country on the planet. It has just lost its way. They say, "Politics and religion don't mix". But I say," God and Government that founded this country do mix". The compassion, concern and respect for another life should be everyone's concern.
This concern starts with civic involvement. I could go on but feel I have made my point for those with ears that hear.