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Reply to "Clueless about whether to buy long term care insurance"
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[quote=Anonymous][quote=Anonymous]As a fed you can buy in at anytime. I don't think it is worth it when so young. I would wait until you are both older. That is what we are planning.[/quote] But later it is subject to medical underwriting. Fed LTC is expensive, and getting more so. Do a google search for articles, they just announced a rate hike. Make sure what you are being quoted won't go up again in a month. My basic read on Ltc insurance is that it is good in theory but the numbers never work out. I'd only go in for it if there is a specific medical need you're worried about. One thing to consider is that not only spouses, but also parents and parents in law, can sign up. It may not be worthwhile for you, but let the rents know they can look into it. [/quote]
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