“Private long term care insurance”
My understanding is that it covers (& not necessarily 100%) 2 yrs
““Private long term care insurance”
My understanding is that it covers (& not necessarily 100%) 2 yrs”
My wife and I have long term care insurance. Our policies are different, mine is relatively cheap and I have had it for years, but it will only cover about 2 years of good nursing home care, hers is much more expensive but will cover maybe 4-5 years of care. Since I got mine years ago it was easy to qualify for mine, hers we add to jump thru all kinds of hoops to get it.
Supposedly there is a little known rule in many states (including Texas where I am) that what you pay from your own insurance is an exempted amount from any lien should you wind up on Medicaid, I think this is up to $300K exemption.
Policies are not cheap but give us some peace of mind, they will also pay (or at least help pay) for in home care and other things.