Rustic23
Thinks s/he gets paid by the post
I have been looking into this. There is a Federal Long Term Care Insurance Program that looks reasonable. I have not looked at others. Last time I looked at this it was so confusing that I thought self insurance was not a bad idea. We require about $48,000 a year to live. With SS and pension, we will have about $60,000 in Cola income and another $16,000 a year in non cola income. We have about $400,000 in IRA's
From the Feds site the cost of care in our area is $35,000 a year. Cost for $150 a day comprehensive coverage, unlimited time is $250 for me and $240 for DW. $169 for $100 a day coverage. These are for full inflation coverage also.
Lots of other options https://www.ltcfeds.com/index.html
So for those that have or are thinking about LTCI what do you recommend?
From the Feds site the cost of care in our area is $35,000 a year. Cost for $150 a day comprehensive coverage, unlimited time is $250 for me and $240 for DW. $169 for $100 a day coverage. These are for full inflation coverage also.
Lots of other options https://www.ltcfeds.com/index.html
So for those that have or are thinking about LTCI what do you recommend?