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Author: Donna405 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75383  
Subject: Re: Long Term Care Date: 3/27/2011 10:54 PM
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I purchased when I was 52 (I am now going on 67). I chose to purchase a policy for which I had control of whether I wanted to add inflation coverage every two years. So every two years, I decide in the inflation coverage is worth it. If I take the additional coverage, my premiums increase. I will say, however, that they have not increased substantially. My premiums began at around $27.00 per month and are now $61.68, as I have chosen to increase the coverage over the years. It now pays about $146.00 per day. Here in SC, the costs of assisted living and nursing home care are not as high as in other parts of the country. I will have to pass a litmus test, i.e., can I correctly take my own medications, dress myself, etc. Two doctors must affirm that I need assisted or nursing home care. If, and when, I do need such care, my premiums will continue to be taken from my checking account, but that's OK, too.

Donna (who figures when the premiums go to $80.00 per month, I'll put a lid on it.)
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