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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]

Most of those in home services bill $30-35 per hour so even if your care is only 8-10 hours a day, $150/day won't come close to cover your costs. If it's 24 hour care, good luck. I guess there's nursing homes. Try to find one that hasn't yet been bought a private equity fund with a 40/1 nurse to patient ratio. Otherwise, you'll be sitting in your mess for hours.[/quote]

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