Federal long term care insurance - good option?

[allencunningham]

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

Yountville

 

[Mr_Ed]

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

Yountville

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?

 

[allencunningham]

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.