jazz4cash
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
To my great surprise, I decided to sign up for LTC just before my Birthday to lock in the price. I qualify for the Federal Govt plan through DW’s job. I was surprised the cost seemed not unreasonable for two of us. They propose an affordability guideline of cost equal 7% or less of (gross?) income. Our policy starts around 5%. The problem of course is the potential for future price increases. I’m taking the next few months to fully evaluate this purchase. I’m ok paying a few months premiums while I decide. I can really only justify this as a benefit to our heirs if we both need LTC. I think we could handle the expense for one of us.
Curious to hear how others evaluate the decision to purchase vs self insuring or rolling the dice.
Curious to hear how others evaluate the decision to purchase vs self insuring or rolling the dice.