“they want your money as long as you are young enough with no pre-existing conditions.”
Yep. Why wouldn’t they? They probably lose money on Johnny-come-latelies who develop heath conditions in their 60s/70s and then all of a sudden want long term health insurance. Can’t say I blame them.
I have been paying in to a John Hancock long term care plan for many years. Cost is based on a statistics and cost model. The premiums go up each year as I age. I think mine pays $100/day. By the time I need it it will likely just cover part of what I need but it is something.
I think mine pays $100/day. By the time I need it it will likely just cover part of what I need but it is something.
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My brother, age 81, pays $3,650 per month for an apartment in an assisted living facility.