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For an additional premium, some LTC policies offer an inflation provision, which increases the daily benefit by some percentage, such as 5 percent a year.
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Some inflation adjustment provisions in federal law such as the one affecting Social Security specifically state that while benefits can move up with inflation, they can't be reduced if prices drop.
Couples can buy joint policies, and a variety of secondary guarantees are available, like inflation protection or emergency provisions, Mr. Gordon said, but each additional guarantee would reduce the monthly payment.
I suggested last week that the "knock-out" provisions about inflation would be the most important.
Through this method, allocation is determined by expenditures/allocations of the previous year, after making provisions for inflation.
The $5 million level in the new estate tax provision is indexed to inflation so that it does not decline in value over time.
The manner in which corporate profit margin growth in recent years has outstripped productivity growth suggests a good deal of stealth inflation concealed in the design and provision of goods and services.
program, although there is a provision for an adjustment if inflation rises.
He also insisted that Yale had made a generous proposal, offering raises well above inflation as well as unusual job security provisions.
This provision, however, is not indexed for inflation, meaning that over the next decade, it will snare increasing numbers of middle-income families.
While this provision for millionaires is indexed to inflation, the minimum wage for the lowest-income American workers is not.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com