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Subject:  Re: Long-Term Care Insurance Date:  4/9/2012  4:21 PM
Author:  Hawkwin Number:  70521 of 78166

IMO, LTC has gotten much better over the last decade; especially with many states now offering partnership coverage. More on that later.

LTC policies come in so many different formats that it can be really easy to tailor one to match your needs - even including return of premium. Many have inflation protection built in. Many will also cover in home care for those families that do not want to be forced to commit their loved ones to a facility.

Regarding partniship coverage - many states are now subsidizing LTC policies by allowing you to shelter some or all of your assets from Medicaid spend-down. The policies do not cost anything more - it is just a way for the state to encourage you to have some coverage in the hope that you never have to use medicaid. If you do, then you could protect hundreds of thousands up to millions from the requirement of spending them down before qualifying for medicaid. This provision can really go a long way to insuring the other spouse is protected...

And these, IMO, are really about protecting the other spouse more than anything else. Sure, they can also protec