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Eldercare
Reply to "Decided to purchase Long Term Care insurance"
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[quote=Anonymous]I think the rich should self insure and the poor should spend down and get on Medicaid. Policies nowadays are too expensive and the payout not that great. I’m not rich, but think I will have enough to cover 5-10 years in a facility but if by some small chance I run out, then Medicaid it is. I hope to leave an inheritance, but if I can’t, then I hope my heirs will understand. What I don’t want to do is put my kids in the position of having to support me.[/quote]
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