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[quote=Anonymous][quote=Anonymous]We were really surprised to find out that no particular nursing home is obligated to accept your LTC insurance. We were fortunate that when we suddenly needed to find a facility for our mom there was one available that took her insurance. If you think you might want to end up at a particular place some day make sure they take whatever your insurance is. Of course that could change. [/quote]

Of course they are not obligated to take any LTC insurance.  Most plans will not provide full coverage.  You will still be paying the difference.   Most plans pay out at most $200/day, and don't kick in for 30-60 days.  That's only $6K/month, after you pay the first 1-2 months of expenses.  Most decent assisted living/nursing care will cost more than that. 
Also, most plans only cover 1-2 years.  If you end up living longer, it's all on you.  There are plenty of people who require assisted living for more than 2 years.

IMO, it's better to simply save the money yourself for retirement[/quote]

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