[Marcella]

The one I have isn't sold any more but those of us who had it still have it at that same rate with the same benefits. I got it in 1990, the premium has stayed the same all these years. It's through New York Life. Medicare only pays for “x” number of days in a nursing home and then you have to pay. It's the same with home care. Medicare just goes so far and that's it - you may have help at home for a few hours a day with Medicare but this policy allows me to have it all day if that is what I need. This long term policy keeps paying for as long as you need the care and that's up to your doctor to recommend it or not.

If you are younger, sure you could save a lot of your money to pay for this care years later, but if you are getting older now, you couldn't save that much money (I don't think unless you are wealthy now). My policy is my ace in the hole so I can be at my house with help rather than be in a subgrade nursing home because I didn't have thousands of dollars for an upgrade nursing home. My policy will pay for a nurse to be at my house and household help if I need both at the same time.

[mojo114]

We are in our 60’s and have had relatives that have lingered in nursing home for year’s before death. The cost of that has stunned us so that is why we are pursuing the LTC insurance.
Trying to look at all options so that our loved ones remaining will not be burdened by the debt.