Federal long term care insurance - good option?

Nov 29, 2018

  1. allencunningham
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    allencunningham New Member

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    Try this link, under the FAQ for how much it will cost:

    Yountville
     
  2. Mr_Ed
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    Mr_Ed Guru

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    It's 47.5% of your income IF you don't need care!
    That's what you'd have to pay just to live there.

    It's 55% of your income if you need the lowest level of care.
    65% if you need intermediate care and
    70% if you need skilled nursing care.

    And all of that for a semi-private room which may have a long waiting list for you just to get in.

    If you need help with bathing and dressing, wouldn't you prefer to be in your own home?
     
    Mr_Ed, Dec 1, 2018
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  3. allencunningham
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    allencunningham New Member

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    That's a good point, I was thinking about signing us both up for federal long-term care insurance but they won't take me because I have had an organ transplant.
    Calpers LTC is another option but I'm worried about their class action suit.
     
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