A July 2, 2013 article on page one of the Wall Street Journal<\/em> underscores the emerging problem with long-term care insurance. Many companies, such as MetLife Inc., Prudential, and Unum have either stopped offering long-term care insurance or have dramatically reduced efforts to maintain or grow their market shares. For those who have stayed in the market, the cost is soaring.<\/p>\n Indeed, annual premiums have doubled and even tripled in a few short years. Twenty percent annual increases are expected.<\/p>\n The real question focuses on, \u201cWhat to do about the cost of long-term care?\u201d<\/p>\n If you have sufficient resources, long-term care insurance is still an alternative to consider. Do not, however, do so blindly. You can calculate the cost over a twenty-year or thirty-year period. You could put those funds aside to pay for the cost of long-term care if you are very disciplined and have tenacity, patience, and fortitude.<\/p>\n