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Author: capgains00 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: Need help with senior health insurance options Date: 11/11/2009 9:37 PM
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I’m looking for advice on my mom’s situation and what, if any, LTC or other health insurance options might be practical for her.

Here’s some details:
-she’s 73, single and retired, and on medicare with an AARP supplement plan.
-there’s no family history of cancer, diabetes, or alzheimer’s.
-her mother was in good health until her death at age 100.
-although she is very overweight, her blood sugar, blood pressure and cholesterol are very good, without any medication.
-her only notable health issues are orthopedic in nature- she’s had both knees replaced, and has issues with her back and feet. She uses orthopedic footwear and currently has some mobility issues due to a foot problem which should improve with some treatment.
-she does not have a LTC policy, and I’m not sure yet how seriously she’s investigated buying a policy.
-she’s planning to move into a community with an all-inclusive lifecare component within 5-7 years.

My mother is not without assets, so she could afford significant expenses if it came to that. However, she’s still concerned about her potential exposure to significant LTC expenses between now and her future move. So, I’m looking for help with these questions:

-what’s the possibility any LTC insurer would offer her a policy given her age and circumstances?

-it’s my understanding even if she were able to find an available LTC policy, it would be extremely expensive- could anyone offer a ballpark estimate, or know of an online source for a quote without too much hassle? How might her time horizon effect a search for coverage?

-is there any other type of coverage she should consider to bridge this gap of time between now and a future move?

-are there any good sources of info where I could research these questions further?

Thanks.
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