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URL:  http://boards.fool.com/one-other-thing-for-you-to-read-and-understand-is-29965219.aspx

Subject:  Re: Long-Term Care Insurance Date:  4/9/2012  9:14 AM
Author:  reallyalldone Number:  70517 of 75880

One other thing for you to read and understand is what medicare and her gap insurance will cover. Many people end up in skilled nursing care after a hospital stay which also needs to be considered.

I ended up reading and understanding all of this after my mother ended up in the hospital(I was early 50s and really had not a reason to know much of it). I had urged her to get drug coverage. She ignored that advice and ended up paying about $1000 out of pocket until I got her signed up after she ended up in the hospital.

I will tell you that I had a spreadsheet and after the monthly bill was paid, I would recalculate how long her money would last. If and when you do this, remember to include income and not just assets ;)
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