Anonymous
Post 01/06/2014 20:54     Subject: Talk to me about voluntary supplemental long term care insurance.
Thank you PP. By self-insure, do you mean use a third-party provider outside of your workplace or just create a separate savings account for your long-term care needs?
Anonymous
Post 01/06/2014 20:53     Subject: Talk to me about voluntary supplemental long term care insurance.
Anonymous wrote:I read through all the paperwork that my husband sent home, and I'm still not quite sure if it is a smart buy-in at our ages (mid-30's) or not. Granted, it's super cheap per month right now ($13) but still, will this plan even be valid 40 years from now when we'll need a nursing home or caretaker? And what if we never use it, does it become liquid to our heirs?

Or am I silly for not buying in now so as to avoid overpaying when we need it?

Any insight is appreciated. Thank you.


We decided to self-insure, largely because of the concerns you raise about its sustainability.
Anonymous
Post 01/06/2014 20:52     Subject: Talk to me about voluntary supplemental long term care insurance.
I read through all the paperwork that my husband sent home, and I'm still not quite sure if it is a smart buy-in at our ages (mid-30's) or not. Granted, it's super cheap per month right now ($13) but still, will this plan even be valid 40 years from now when we'll need a nursing home or caretaker? And what if we never use it, does it become liquid to our heirs?

Or am I silly for not buying in now so as to avoid overpaying when we need it?

Any insight is appreciated. Thank you.