Reply to Should I apply for Federal Long Term Care before they close in a few days?

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Reply to "Should I apply for Federal Long Term Care before they close in a few days?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]In this area $250 a day would be very low.  We currently pay $500 a day plus extra aides.[/quote]

It's $250/day as of now. The daily benefit and lifetime max go up by 3% per year compounded if you get the inflation protection version.

Sure, it may not cover all the daily costs. But it will cover a good chunk.

OP: I signed up this week too. I am within 60 days of hire at my agency so I qualified for the abbreviated underwriting. The program also refunds your premiums (minus applicable costs and benefit usage) if you die and don't hit the lifetime max. The program also covers you son if he requires LTC while you are the policyholder.

Personally, I think it's a decent program.

There was a thread I bumped a few days ago on this issue, lots of good debate on the pros and cons:
https://www.dcurbanmom.com/jforum/posts/list/853669.page

[/quote]

It's less than half right now.[/quote]

The program maxes out at $450/day [/quote]

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