For many, trying to get a claim paid under a long term care insurance policy requires “piles of paperwork and repeated phone calls.” The difficulties for others have made at least one lawyer liken the process to “an Olympic event.”
At least that's the gist of an article in the New York Times by Tara Siegel Bernard entitled, “Fine Print and Red Tape in Long-Term Care Policies.”
Ms. Bernard quotes two lawyers, Glenn R. Kantor and Harvey Rosenfield, the latter of whom concluded, “whether you can trust the company depends on regulation in that state — and most states have limited regulation.”
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].