The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/connecticut-is-also-one-of-those-states-where-you-20189719.aspx

Subject:  Re: Avoid Long Term Care Insurance Date:  1/21/2004  1:42 PM
Author:  intercst Number:  38670 of 75777

Connecticut is also one of those states where you can buy a minimal LTC policy and still protect your life savings from exhaustion.

http://www.opm.state.ct.us/pdpd4/ltc/general.htm

You just need to buy a LTC policy that covers the first 3 years of care, then the state will put you on Medicaid if you're in a nursing home longer than that without coming after your assets.

intercst
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us