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Anyone have Long Term Care insurance?

If so when did you get it, Do you think it is worth getting. Any info would helpful.

Answer Question
 
momofne

Asked by momofne at 1:39 PM on Dec. 28, 2013 in Health

Level 14 (1,471 Credits)
Answers (3)
  • From what I've read it is worth it. We have it, and it offers some protection against the high costs of long term health care. My mother has it and needed in home assistance, but it wouldn't kick in for 6 months, and by then she would have had to pay $20 an hour for someone to be with her. So I'm not entirely convinced, but feel better having it than not. Like any insurance that I know of, younger and healthier gets a lower premium than older or sick.
    Bmat

    Answer by Bmat at 7:42 PM on Dec. 28, 2013

  • No we don't but I have often thought about adding it. It IS important. We have a decent life insurance policy but that may not be enough.
    jeanclaudia

    Answer by jeanclaudia at 9:01 PM on Dec. 28, 2013

  • From what I've read at www.ltcoptions.com, there are about 70% of Americans who are 65 and above that will require long term care. Also, about 40% of people between the age of 18 and 64 will need the said type of care. This only shows that everyone is at risk of needing long term care and thus people should purchase long term care insurance. For additional information about long term care insurance please refer to the websites below.


    http://www.ltcoptions.com/long-term-care-insurance/


    https://www.aaltci.org/long-term-care-insurance/


    http://en.wikipedia.org/wiki/Long-term_care_insurance

    samstein

    Answer by samstein at 12:06 AM on Jan. 7, 2014

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