I took care of a friend who had ALS ( Lou Gherig's disease). He wanted to protect his family from as much burden as possible and signed up for Genworth LTC. It did cover much of the services needed for him. Sadly he died but is released from suffering. Has anyone used or looked into a LTC company and what information can you share?
In my mind, if you are middle age, and with all of us living longer and longer it is a necessary protection to preserve assets for your spouse at least for a time. I know it's not cheap....and frankly, I hope I never need it but I feel better knowing I have it.
http://www.aaltci.org/
http://www.infolongtermcare.org/
http://www.longtermcare.gov/
On the other hand I know two ladies that were paying $400/mo. for the same coverage that Medicare already gave them.
My husband and I are 60 and I have discussed this with him. He feels it is too expensive - but his Mother is paying $3,000 a month at AL. So, who knows?
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