Long-Term Care

My father (78, no assets except the family home) is going into a nursing home at $9,500/month. He has $60k in savings. His Medicare only covers 100 days. Then w…

Planning for my parents' potential long-term care needs. They're 72 and 74. I've heard nursing homes can cost $8,000-$12,000 per month depending on location. Wh…

My parents both needed nursing home care in their 80s ($8k/month). I'm 55 and healthy. Agent says buy LTC insurance now while I'm insurable and premiums are rea…

Need help with 3 ADLs (bathing, dressing, toileting) but LTC insurance denied claim. Say I don't meet their definition of 'unable to perform'. How strict are th…

Local nursing homes charge $10k-14k/month. LTC policy pays $180/day ($5,400/month). This doesn't come close to covering costs. What's the point of LTC insurance…

Considering LTC insurance at $4,500/year. If I stay healthy and never use it, that's $90k over 20 years down the drain. Are there policies that return premium i…

Traditional LTC insurance seems risky (use it or lose it, premiums can increase). Agent is showing me a hybrid policy with LTC rider built into a life insurance…

Bought LTC insurance 5 years ago at $2,800/year. Now it's $4,200/year. Can they keep raising rates? Can they cancel me? Thought this was locked-in coverage.

I'm 50, LTC quote is $2,100/year. If I wait until 60, will it be much more expensive? Agent says buy young but that's 10 years of premiums I might not need.

Mom needs nursing home soon ($10k/month). She has $180k in savings. If we spend it down for Medicaid, can she gift some to grandkids first or will they penalize…

Want to age at home with home health aides, not nursing home. Does long-term care insurance pay for home care? Or just facility care? Policy language unclear.

Mom has $300k in assets. LTC insurance costs $6k/year at her age (68). Or we could spend down to Medicaid limits and save the premiums. Which approach better?

LTC policy without inflation: $3,200/year. With 5% compound inflation rider: $5,800/year. That's $2,600 more annually. Is inflation protection worth this huge c…

Policy has 90-day elimination period before benefits start. Does this mean I pay $36k (3 months at $12k/month) before insurance kicks in? Can't afford that.

Mom might need nursing home in 2-3 years. I've been giving her $500/month for expenses for years. Will Medicaid penalize these small regular gifts during look-b…

Policy offers 10-pay option: pay $8,500/year for 10 years ($85k total) then lifetime coverage with no more premiums. Is this better than paying $3,500/year fore…

Agent offers shared care policy for me and spouse. Combined pool of benefits we can both draw from. Cheaper than two separate policies but what if one of us nee…

California offers Partnership LTC policies that protect assets dollar-for-dollar. If policy pays $200k in benefits, I keep $200k in assets and still qualify for…

Mom is 70, dad is 73, no LTC coverage. Want to help protect their assets and my inheritance. Can I buy and pay for LTC insurance on them? Or do they have to own…

Looking at CCRC that charges $300k entrance fee plus $4,500/month. Includes independent living now, assisted living and nursing care later if needed. Better tha…