Talk of The Villages Florida - View Single Post - Long Term Care Insurance
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Old 08-25-2017, 08:20 AM
NotFromAroundHere NotFromAroundHere is offline
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Quote:
Originally Posted by retiredguy123 View Post
I visited many nursing homes for my mother, and I always asked them for the percentage of patients who were on Medicaid. The average percentage was about 85 to 90 percent Medicaid. These are people who were not broke when they arrived, but became broke while in the nursing home. I don't know how you define a second class facility, but if you can find a facility that doesn't accept Medicaid, I don't think your long term care insurance benefits will cover the high cost.
Isn't that a good argument for having LTC insurance?