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« Do You Ask Anyone How Much Money They Make? | Main | Star Money Articles and Carnivals for the Week of Sept 27 »

September 30, 2010

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With Medicaid paying for so much of nursing home care, I wonder if the government is going to require that everyone purchase LTC insurance, similiar to what is happening with health care.

My mother in law is disabled, and we are watching her assets erode away at a record pace. It is so hard to know what to do. She was struck with a brain tumor at the age of 57, which is way before a lot of people consider long term health care. It has definitely made my husband and I think about what to do in our elder years.

I don't know if we will take out coverage or not, but you did inspire me to look into it further. Thanks!

I bought LTC insurance after my divorce. I bought it in my 40s and bought "Cadillac" coverage. It's expensive, but I have family histories of long life, dementia, heart disease and stroke. All bad. I don't want to be a burden on my kids and I can't guarantee I'll be remarried. Only time will tell if it was a good investment, but I sleep better at night knowing I have it.

Not an excited topic but a necessary one. Crazy not to have this insurance. Thanks for the info.

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