Quote:
Originally Posted by retiredguy123
I have never considered long term care insurance to be a good deal for two reasons. First, the insurance company, not you, will determine if and when you are eligible to collect benefits. And second, most of the people living in nursing homes are on Medicaid and receiving the same level of care as those with long term care insurance for free.
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If you're in a nursing home paid for by Medicaid odds are you are broke and in a second class facility.
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