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The Key Health Risk Obamacare Doesn't Cover

The Patient Protection and Affordable Care Act, also known as Obamacare, provided a number of useful benefits to millions of Americans. But Obamacare doesn't address one key health risk that everyone faces, forcing you to make alternative arrangements to protect yourself from potentially catastrophic expenses.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, talks about how Obamacare doesn't cover long-term care expenses. Dan notes that traditional health-insurance policies don't typically cover the costs of skilled nursing care or home-health services, and even Medicare doesn't provide much coverage to older Americans. Dan notes that long-term care insurance policies are available, but Genworth Financial (NYSE: GNW  ) , Prudential (NYSE: PRU  ) , MetLife (NYSE: MET  ) , and other insurance companies have scaled back their offerings or raised their premium prices extensively because of the poor profitability from providing long-term care insurance. Dan concludes that you have to make your own decision about how to protect against the risk of needing long-term care, but that good solutions are hard to come by.

Understanding Obamacare's limitations
No one expected Obamacare to solve everything, but many are confused by what it does and doesn't do. In only minutes, you can learn the critical facts you need to know in a special free report called "Everything You Need to Know About Obamacare." This free guide contains the key information and money-making advice that every American must know. Please click here to access your free copy.

Read/Post Comments (2) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 18, 2014, at 2:18 PM, syclonedave wrote:

    Socialist health care has no place in a free America. It was only designed to bankrupt the middle class. Obamacare dosnt even cover medicines to long term care. You can be financially wiped out being insured. The bill appears as if an 8 yr old wrote it. It's doomed to fail. Less that 20% even want it and its illegal, biased, and ilwritten. Obama cant have America become a Marxist/ Socialist country without Socialist medicine I've signed the petition to repeal it .

  • Report this Comment On January 23, 2014, at 3:32 PM, ltcassociates wrote:

    It's not accurate for Mr. Caplinger to assert that "it's getting increasingly difficult to find LTC Insurers". If you look, you will most assuredly find one, I promise.

    Furthermore, we mustn't lump MetLife, Prudential and Genworth together as companies which have "stepped back" from the market. The former two carriers have withdrawn from individual and group sales, which the latter is still very much a market leader in LTCi.

    While I am extremely grateful for the Motley Fool casting a light on this myth (that the ACA covers LTC), the inconsistencies in this vlog only remind us what the Fool does best: give investment advice. For those seeking information regarding insurance-- especially long-term care-- we always recommend you consult a licensed, experienced LTCI Specialist.

    Best regards,

    Stephen D. Forman, CLTC

    Long Term Care Associates, Inc. (est. 1972)


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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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