The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/quotunder-certain-limited-conditions-medicare-30772205.aspx

Subject:  Re: Big Problems wth LongTermCare Insurance Date:  7/12/2013  9:27 AM
Author:  Hawkwin Number:  72576 of 78166

"Under certain limited conditions, Medicare will pay some nursing home costs for Medicare beneficiaries who require skilled nursing or rehabilitation services. To be covered, you must receive the services from a Medicare certified skilled nursing home after a qualifying (3-day) hospital stay."

Thank you for this clarification.

Again, wrong. In this cae, the MAXIMUM that would be protected is $547K, because that's the most the policy will pay. Everything above that is on your dime.

Then the policy you are looking at is not a fully covered partnership policy. That does not make me wrong, that makes your policy wrong. I stated that it could be unlimited. Partnership policies can be unlimited.

http://www.completelongtermcare.com/resources/partnership-lt...

•1. Dollar-for-dollar Asset Protection - For every $1 of insurance benefits paid by a Partnership policy, a minimum of $1 worth of asset is protected. A chart showing effective date of policies with their corresponding State-set dollar amount is used to determine whether the policy you purchased has this type of asset protection.If the maximum benefit of yo