[sickoflibs]

RE :”They aren’t cheap, but it means we don’t have to spend almost all of our savings on nursing home care before Medicaid will pay.”

I have a coworker who is single who paid for that and I never understood it in his case.
In your case being married it protects the spouse from financial devastation.

What are the limits on payout of that policy?
I recall~ 2008 here nursing homes were about 6K per month and its still a hellhole. I had a older relative with a bad stroke go to one for over a year.

[justlurking]

Yes, my financial advisor tried to sell me one when I was single. I didn’t think it was worth it. That changed when i got married. I looked at the maximum assets and income allowed for Medicaid to pay for long-term care, and it would all but wipe us out. I couldn’t risk doing that to my family.

The benefit level is whatever you want (or can afford). And the premium depends on your age and medical history when you start the policy.