Long-term Care: a Growth Field

Kalorama Associates recently released a study indicating double-digit revenue growth for long-term care activities such as nursing homes, hospices and home health care. GAO found that while long-term health care insurance was growing in popularity; only 10% of those over 65 (in 2002) had purchased this insurance. Good news however--long-term health care insurance is generally deductible. Limits on deductibility range from $280 if under 40 to $1,060 if 50-60 to $3,830 if over 70.