By: Ed Young

Ed Young — Mon, 26 Nov 2012 16:47:59 +0000

Mr. Burkshire is clearly misinformed as to how LTCi policies work and or how they are approved. His comment about not getting one until right before you need it is absurd…because in most cases it’s now too late. Unless he has the crystal ball that no one else seems to have. People need to remember that they need to be able to health-qualify in order to get it. What good does it do someone to wait into their 60′s until they purchase coverage if they can’t even get it!

I’m not saying everyone in their 20′s should go out and buy a policy…but let me be clear. You will NEVER save money by waiting to purchase coverage. LTC policies get more expensive every year you wait to buy coverage. By locking in to your age and your health, you can all but assure yourself of getting approved for coverage and lock into less expensive rates. Someone paying premiums for 40 years will pay less money in the long run than someone who waited 20 years to get their policy. That same person who is only paying for 20 years will spend thousands more taking into consideration inflation adjustments.

By: Joyce

Joyce — Sat, 24 Nov 2012 22:19:02 +0000

Most people overestimate the cost of a good long-term care policy. A healthy, married couple in their mid-fifties, can share a policy that starts off with over a half million in benefits for about $100 per month per spouse.

There’s a new type of government-approved long-term care policy that can protect your assets from Medicaid even if the policy runs out of benefits.

Here’s an explanation of how these policies work:

http://bit.ly/How-Partnership-Policies-Protect-Assets

Comments on: Long-term care: A problem the Affordable Care Act didn’t fix

By: Ed Young

By: Joyce