Despite health care and aging experts’ best efforts to educate consumers on the importance of long-term care planning and/or insurance coverage, uptake of the policies traditionally has been notoriously low.
Add in the recent demise of the CLASS Act — a provision of the health care reform law that would have created a voluntary LTC purchase program, but was shelved due to lack of funding — and you get lack of government support added to an apathetic public, not a great combination for boosting LTCI sales.
