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I posted about this on another board, but thought I would pass this on. I retired at age 56, and was lucky enough to get in CALPERS program, at age 55: w/lifetime; unlimited $ amt.; comprehensive: covers hospital, nursing home, home-care help; inflation-protected, benefits.

Recently got letter that said all my benefits have gone up 5% (year anniversary). My cost for this is $104 a month.

Expensive yes, but my thinking is that "STUFF HAPPENS!"- falls, automobile accidents, etc., a lot of stuff might happen before you might need this for 'old-age' coverage.

My cost will undoubtedly go up at some point, but if it remained the same, I would have paid in $25,000 for 20-year period, which gets me to age 76.

Also, if you're paying your own way, you have some leeway as to where you go & can pick and choose a good facility. Medicare and Medicaid programs put you where they have an opening in your area, and whatever facility you get placed in, is up to them; you have very little input as to changing facilities if you don't like it there.

Also, besides my hospital, nursing-home coverage, keep in mind the option of home-care help. If you don't have friends and relatives in your area, who can just drop everything to come help you out, several times during the day (from early morning, until late at night), you NEED home-care help.

I sleep better at night knowing I have this. Hope I never have to use it, but it's a choice I made, to also protect my portfolio in a 'Just In Case' mode.
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