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Money and Finances
Reply to "Federal Long Term Care insurance?"
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[quote=Anonymous]I would talk to a financial planner. There is so much to consider. If you took money you would pay in premiums and invested it, how much would you have when age 65 or 70? How good is LTC benefit and can you make up difference between LTC benefit and cost of private care (given that you will have been paying premiums with some of the money you'd otherwise be saving)? How much do you care about your kids inheriting money and would you be open to giving them money when you are still relatively young and healthy? My mom needs 24/7 Alzheimer's care. A home caregiver is $400/day. Her LTC insurance will cover it for a few years. One place we looked at is $21K/month for a private room. [/quote]
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