Robert Powell of MarketWatch reported on Fox Business that 4 major insurers are already creating programs for this new law.  Read It Here (New Window)

New Hybrid Products Give Consumers More Choices

Four insurers have already created products for this market: United of Omaha, Genworth Life, Bankers Life, and OneAmerica have all created hybrid products that combine annuities with long-term care insurance. More are expected later this year before the new law goes into effect in 2010.

"...a fairly high percentage of older Americans will need long-term care for at least two years -- and that care is expensive..."

These new products will help consumers pay for that care and come in two varieties already; chances are more will be developed as the market emerges. The more choices a person has to plan for their long term care needs the better.