Should You Buy Long-Term Care Insurance?

Factors to consider when examining your options for long-term medical care

February 8, 2012 RSS Feed Print

Additional resources:

National Clearinghouse for Long Term Care Information: http://longtermcare.gov/LTC/Main_Site/Index.aspx

Care Conversations, a new website from American Health Care Association (AHCA), the National Center for Assisted Living (NCAL), and America's Skilled Nursing Caregivers: http://careconversations.org/home.aspx

Order NAIC's Shoppers Guide to Long-Term Care or take the Insure U Long-Term Care Quiz: http://www.naic.org/index_ltc_section.htm

Twitter: @USNewsMoney

Tags:: insurance,; health insurance,; healthcare,; senior health

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I think everyone who is a legal citizen of the U.S should have long term insurance
http://thesmallbusinessinsurance.com/

Michael LaClear of NM 7:19PM September 24, 2012

Be wary of Federal Long Term Care insurance as I personally paid the extra fee that "guaranteed" that my premium would not increase...you guessed it...they announced that due to an underestimation of the expected number of enrollees my monthly premium would be increased.
My premium went from $177 a month to $200 a month with the adviso that if needed, they could increase the premium.

MIKE of FL 11:05AM March 20, 2012

A shared-care policy for a healthy, married couple in their mid/late fifties with over a half million in benefits might be about $100 per month per spouse ($2400/year for both), but it would have no inflation protection. Five percent compounded inflation protection, which is what many LTCI experts recommend, would almost triple the cost of the policy, to almost $6,000.
For that reason, most experts recommend holding off on long term care insurance until you become sick.

William Almond of IA 9:27PM March 11, 2012