Analyzed Insurance

MetLife announced that it will stop selling individual long-term care insurance. It will also cease to include new enrollments into group and multi-life plans. This news was announced in a company-issued news release. The company says this move won’t impact current policyholders as long as they remit payment for their premiums on time.

According to the Wall Street Journal, extremely low interest rates are creating problems for insurance companies because it lowers their profitability. And since it looks like rates could remain low, life insurers are changing products they offer. T Read more…

Health Insurance can be pesky and extremely difficult to understand.

What is covered? What is not? Why does it cost so much? Even if your employer pays for some of your insurance costs, you’re still saddled with paying for doctor’s visits, test and, though you hope it never happens, hospital costs.

Is it smart to get coverage for the pricey hospital costs in addition to your regular health care? What about ditching your PPO or HMO altogether for hospital only coverage?

We took a look at hospital coverage to see whether it’s really worth your hard-earned dollars.

Part One: The Facts of Hospital Care Insurance
Things that traditional insurance only partly covers are taken care of in some hospital plans. Read more…