I sincerely hope that most Fools on this board bypassJASMADA's posts or just read them for humor. (ignore it and the problem will go away) It seemsevident that this person is an insurance agent (yes I am, good job in reading my profile) and has a vested interest ( I do this on my own time for free, people worked hard for their money and I do not want to see them blow it) in attempting to ridicule and belittle anyone (educate, humor, amuse and tell the truth..it will set you free) disagreeing that LTC insurance is God's gift to retirees. (no it is not, however, your bank account is and without LTC insurance and a good stroke or two your bank account and all those stocks and bonds will be your gift to long term care services) The best instrument to ensure protection is a non-revocable "LIVING" trust. (bad advice from a non-attorney, most long term care is custodial in nature, by doing this you are begging to be put into a nursing home and never come out, don't you like being in your home right now ?) I encourage anyone who is concerned to consult an ELDER CARE ATTORNEY (Harley Gordon, Boston Mass. and elder Law Attorney who has written the following book, How to protect your lifes savings from catastrophic health loss) for information. In most cases all assets are protected and still Medicaid eligable.(in other words your assets will be hidden from the government if only you could predict when you need long term care darn except for that look back period, what if it happens a year after you do the trust, this is a bad idea for procrastinators) I'm sure this post will be bad mouthed as others have been. (nope, just shown the proper information) Just remember - don't let scare tactics/fear (or the truth, remember many people are WWII vets who stormed the beach at Normandie) dictate how you react. Perform your due dilligence by investigating and making an informed decision.(in other words take your time what is the worst that can happen ?)
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