Talk of The Villages Florida - View Single Post - Long Term Care Insurance - Opinions Wanted
Thread: Long Term Care Insurance - Opinions Wanted
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Old 11-21-2017, 06:14 AM
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Originally Posted by baustgen View Post
Mother lasted 3 mos in nursing home, father none, mother in law 1 month, father in law 2 months. Somewhere I read that the average stay in a nursing home is 3 months when you factor in those who never spend any time in one. Long term care insurance just doesn't seem like a good bet. Better off loading up your 401K. My experience with nursing homes is that one's in smaller towns are both nicer and cheaper.
This policy also covers "at home" care -- say I would need to hire someone to help me at home x number of hours a day or a week if I need help with the activities of daily living mentioned in earlier posts.
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Born and raised in Dubuque, Iowa. Chicago 1979 to 1986. Northwest Suburbs of Chicago - Schaumburg since 1988.