Long Term Care Dilemma

Many of our clients have long-term care policies (LTC) or have discussed with us the need for a policy. The cost annually in Idaho can be as high as $90,000 for full-time skilled nursing care. For clients living in other parts of the country such as California or Oregon the cost can be as much as $120,000 annually. Because Medicare doesn’t cover any of this, and most of the individual’s assets need to be depleted before qualifying for Medicaid help, LTC coverage has historically been a popular option. But, as this article from Kaiser Health News illustrates, affordable policies are becoming difficult to acquire. Once again, thanks Andy, for forwarding this to us.
 
Long-Term Care Insurance: Less Bang, More Buck By Barbara Feder Ostrov