Personally I live in a moderate cost area and I expect to be spending more than $50K a year in retirement so long term care should not be terribly more expensive than my normal retirement budget. I don't know where you live but even in the moderately priced midwest, such a facility will often cost a lot more than 50k a year - and significantly more for facilities that provide for mental health issues.I am not telling you to go out and buy a policy. I am encouraging you to research what you might pay otherwise.http://longtermcare.gov/costs-how-to-pay/costs-of-care/http://www.completelongtermcare.com/States/The second link also has some very good information on the Partnership Policy program - now available in all states with reciprocity (that was news to me).
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