Reply to Do LTC care have pay out caps?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is almost certainly an overall cap on expenses. Some policies do have a cap on how long benefits can last so I don’t know if using benefits lightly could trigger that period. [/quote]

My father had the fed LTC plan that was considered the Cadillac version. The max was $6k a month for 15 months or something like that. This was in 2018. [b]He paid for it for 15 years and only got to use it for one measly month[/b].[/quote]

This is like complaining that you have paid for health insurance all year, but haven't been sick, and so haven't been able to use it.  In other words, idiotic.  [/quote]

It’s actually a point to consider.  These plans can be expensive! [/quote]

Yes. Our financial planner has suggested that we continue to put our money into savings as we may have enough to not need to use LTC. That still makes me anxious but we are following this advice. [/quote]

Get a better financial planner. That's horrible advice.
[/quote]

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