Analysis: Reneging on Long-Term Care?

Published: May 25, 2007 at 6:52 PM

By OLGA PIERCE
UPI Health Business Correspondent

WASHINGTON, May 25 (UPI) -- As the market for long-term care insurance expands, seniors may find their golden years at risk in the midst an insurance gold rush.

"These are people who are sick, tired and old," said Frank Darras, a California attorney who specializes in long-term care cases.

"They bought a product supposed to give them security and dignity when they needed it most and now their claims are being denied," Darras told United Press International.

Since long-term care plans promising to cover the cost of nursing home care became available two decades ago, they have seen skyrocketing popularity among baby boomers looking ahead to retirement.

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