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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75379  
Subject: Re: Long-Term Care Insurance Date: 4/9/2012 9:14 AM
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One other thing for you to read and understand is what medicare and her gap insurance will cover. Many people end up in skilled nursing care after a hospital stay which also needs to be considered.

I ended up reading and understanding all of this after my mother ended up in the hospital(I was early 50s and really had not a reason to know much of it). I had urged her to get drug coverage. She ignored that advice and ended up paying about $1000 out of pocket until I got her signed up after she ended up in the hospital.

I will tell you that I had a spreadsheet and after the monthly bill was paid, I would recalculate how long her money would last. If and when you do this, remember to include income and not just assets ;)
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