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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I bought into the federal LTC plan at the age of 24 (now in my 30s). I have an unlimited policy with a 4% inflation protection which is currently just shy of $150/day. premium is currently $93/month which will go up to $115 in 2025 and $141 in 2026. i am under 40 so the IRS allows me to use my HSA money toward LTC premiums up to a certain amount (it's not much).

i think i will weather the storm and ride this one out. but, the plan is to not need until much later on in life. the thing that makes me want to hold on to it is because i don't see many options right now for unlimited policies.[/quote]

The question is how many of those policies did your insurer write and will they be solvent when and if you need to use it. The reason the policies aren't written is that they bankrupted the initial LTC insurers [/quote]

I think, by and large, the big insurance companies have stopped offering unlimited policies and restructured their LTC plans. But, this plan is a federal LTC plan. if the insurer goes insolvent...eh, i think there would be much bigger problems to worry about. too big to fail, so to speak. but, it is a worry of mine since i don't anticipate needing it until much later in life. [/quote]

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