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[quote=Anonymous][quote=Anonymous]I am a fed and bought into the fed-sponsored LTC program at the ripe age of...24. I am now 32. I, like the OP, received a hike in my premiums and I anticipate many many more hikes between now and when I actually will need LTC. When I first bought the insurance, my premiums were something like $12 and some change every other week and now they are at around $27 every other week. It is still manageable for me but one of the saving graces is that it is an unlimited/lifetime benefit. I am anticipating that science will get better that will allow humans to live longer, though not necessarily better, which is why I anticipate needing LTC.

I have zero faith in the actuaries who priced these products so I did a very conservative model. I still modeled how much I would be paying versus self-insuring based on the current rates of premium increases and it still comes out ahead buying into LTC. And, I used the most expensive costs of care (SF Bay Area and DC area) as a baseline and with expected cost increases.

Do yourself a favor, OP, stay on the plan! The insurance companies want you to drop! Don't indulge them.[/quote]

It’s great that you have an unlimited lifetime benefit but what is the daily/weekly max? Is it inflation protected?[/quote]

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