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Author: Watty56 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 74775  
Subject: Re: Big Problems wth LongTermCare Insurance Date: 7/11/2013 12:57 PM
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When you hear that long term care costs $50,000 a year, or whatever it costs in your area, you need to compare that to what a healthy person that age would spend in a normal year since many of their other expenses will stop when they go into long term care.

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.

For a couple it is more complicated since there are lots of permutations but you still need to compare it to their normal costs.
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