Wednesday, September 26, 2012
Long-term care. It’s something that we often don’t want to think about, but the need often comes to the forefront in many people’s lives. Take my mother for instance. My first experience was in September 2005. Mom was living me and was very weak due to complications from her chronic...
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Frightening statistics, Dorian. I do know elders who took out long-term care insurance year ago. Some of them have great policies that are helping them pay for in-home care and other resources. Some of them just had "nursing home" policies and they don't cover nearly enough at today's rates.
Getting LTC insurance after one hits 60 or beyond is generally so expensive, if it can be gotten at all, that it isn't feasible. But if people plan ahead, as you suggest, and start young, it can be a good choice.
Thanks for an informative posts!
Carol