Check Out the Competition in Long-Term Care Insurance
Washington Post (03/28/02) p.B2; Barr, Stephen

The federal government has unveiled its long-term care insurance program for federal workers, claiming that it is 15 percent to 20 percent less expensive than those plans in the private sector. However, financial analysts suggest that federal workers examine all their options--public and private--before committing themselves to a particular policy. According to Arthur Stein, a certified financial planner with Cassaday & Co., married couples and single people under the age of 60 may be better off with policies from the private sector because they offer longer-lasting benefits and lower premiums, while singles over 60 might fare better with the government's policy.


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