Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: peppermintpatty Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19224  
Subject: Re: Long Term Care Insurance???? Date: 2/4/1999 10:46 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Linne - whoa! I think you found that the cost of long term care is "up to $50,000/year". Depending on where in the USA you want to live, nursing home costs range upwards from $120/day... You may pay for this cost out-of-pocket, spend all your money & let MediCaid cover the cost, of buy LTC insurance to help.

Like Disability Income Insurance, LTC costs are influenced by (1) Daily Rate, (2) Waiting/Elimination Period, (3) Length of Coverage, (4) Inflation Factors, and (5) At-Home Care Options, as well as the proposed insured's general health & age at issue. At age 60, the annual cost for a decent policy may not exceed $2,000/year. This may be a small price to pay to preserve & pass on a meaningful estate. Just depends upon your goals... PP
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Post of the Day:
Macro Economics

2.1: The Labor Pool Problem
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement