Long Term Care Premiums in CA

Discussion in 'Long Term Care Insurance Forum' started by csalter, Aug 2, 2015.

  1. csalter
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    csalter Super Genius

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    Hello All,

    I have not posted here in a while. I have been busy with life. I just had a couple of questions.

    First, have the costs for long term care insurance with Genworth increased in the last few years. I am just wondering because I know that California is funny about increases. If they have, have all of their policies changed?

    The second question is that I have a policy with Genworth in California but have decided to move to Texas when I retire. Are the California benefits able to be used in Texas? I have a partnership plan.
     
  2. ltcadviser
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    ltcadviser Guru

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    No Partnership reciprocity between CA and TX, but so what. No big deal.

    You have a 10 Pay with about 6 payments left, correct. Just finish your 10 Pay. Nothing else to think about or be concerned about. You have great benefits at a ridiculously low premium on a limited pay plan. You have 5% compound inflation. And your wife and you are relatively young, especially your wife if my memory is good.
    I think she might have $45000 month in benefits when she is 80. So, just fund the plan. You will never need Medicaid help in Texas with the benefits you own.
     
  3. csalter
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    csalter Super Genius

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  4. Mr_Ed
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    Mr_Ed Guru

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    This should help:

    Long Term Care Insurance Rate Increases California


    :):):)
     
  5. ltcadviser
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    ltcadviser Guru

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