Reply to Feds, did you buy long term care?

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[quote=Anonymous][quote=Anonymous]Best use of your money IMO is to buy a house you can age in place in.  People end up needing long term care because they have difficulty with "eating, dressing, walking, bathing, and other daily activities".   If you have an accessible house including kitchen and bathroom, you will go a long way to being able to manage in your own home and might be able to make do with some paid assistance, rather than needing 24 hour care.[/quote]

That's not how it works. Parkinsons,  Alzheimers, cancer, etc doesn't care what kind of house you have. They don't have problems with washing or dressing or  eating because they are getting "old" and their house is inconvenient .  No one needs assistance because the bathroom is on a different floor, it is because they might be very, very sick and need help with everything. People can get sick at any  time all the way up to age 100. Ask someone what Parkinson's looks like at 70.

LTC is needed for help in the house, for care respite, or for a nursing home when one of us doesn't know who we are or who anyone else is.

The trouble is, many LTC care policies don't cover skilled nursing in a facility, or assisted living, and certainly not independent living. They will pay for a portion of in house care, but only after a sizable exclusionary length of time, and not all expenses,  with qualified and approved personnel and a LOT of paperwork.

Buying into a continual care situation  in the 80s covers everything. But what happens before then?[/quote]

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