Reply to Care to share what you (or loved ones) pay for assisted living?

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Reply to "Care to share what you (or loved ones) pay for assisted living?"

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[quote=Anonymous][quote=Anonymous]This is 21:43.  AARP has a good summary on LTC.  https://www.aarp.org/health/health-insurance/info-06-2012/understanding-long-term-care-insurance.html

Basically, it is expensive, you can expect steep rate increases, and there are limitations on coverage, either the amount they will pay or a time limit or both. Also in the case of Alzheimer’s, like my dad, triggering the coverage can be tricky.  [/quote]

What do you mean that it can be tricky to trigger the coverage in the case of alzheimers? Do you mean that strategically if you only bought X years of coverage, it is hard to figure out when to start using it? or that it is hard to prove to the insurer that you need the care since the decline is so gradual?  My mom was just diagnosed with Alzheimers and has 4 years of LTC coverage plus 4 years of automatic Medicaid coverage that she gets for buying LTC coverage (this is a special deal that a few states have). I was hoping this would help protect her financially, but maybe not... She has been paying crazy high premiums for 10+ years so hopefully this policy will pay out now that she needs it.

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