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[quote=Anonymous]I wasn’t sure if this topic belonged here or in Money but I figured I wanted to start the dialogue.  I’m the author of the “$14k per month” (and now add $36/$38 per hour for 24/7 care) thread.  No end in sight until my mom is no longer ambulatory at all, who knows how long that will be and hospice says she’s looking great.

There is a very good chance that my mom will end up blowing through several hundred thousand dollars over who knows how long before everything is said and done.  Basically all the equity from the house she lived in for over 40 years and then some.  She has the money and this is what it’s here for.  Still a hard pill to swallow and I know her and she would not have wanted it this way, and I know we have no real choice in the matter- she deserves good quality care.  Without it she’d probably have to move to skilled nursing, or five seconds after she’s left alone she’d try to get up and fall.  Bad choices all around.

So I’ve been thinking a lot about long term care insurance for myself, and wanted to engage with my fellow sandwich generation posters who are in similar situations to me.  I’m in my early 50’s and there are some hybrid long term care/life insurance options that seem reasonable when you factor in the actual cost of elder care.  Maybe I’m not looking at things objectively due to what I’m living right now and the checks I’m writing, or maybe this is the best idea ever.

Anyone up for a discussion?
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