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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I tried to get it but an obscure non-verified diagnosis five years ago DQ’d me.  It was a hybrid plan- $126k cost for nine years of coverage starting around $6k a month with a COLA.  It would have paid out over $1.4 million if the entire thing was used.

Needless to say I now have to self insure.  My mom’s care is roughly $7-9k a week at this point.[/quote]

That's an insane amount- I have heard up to $150k/year for a nursing home, not $400k.  What sort of care is required?  How long has it been at that level?[/quote]

DP...but depends on your parent's diagnosis and what the facility claims is needed.  My father with dementia was in a facility that charged like $20k/month, but because he could physically stand (and then potentially fall), the facility was requiring an aide for like 12 hours per day who did nothing but make sure he never stood up.  That cost another $15k per month.  Frustrating, but he had the money...and he ended up passing within 60 days of their requiring the aide.

Nursing is more expensive than senior living...which is maybe what you are thinking when you say $150k/year.  He also had LTC that he arranged when he was much younger and it paid out like $100k/year.[/quote]

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