Quote:
Originally Posted by retiredguy123
That is one reason that I would never recommend buying long term care insurance. If you end up in a nursing home, they will be happy to take your long term care insurance benefits, but they won't provide any better care. You paid thousands of dollars for insurance premiums, but you will be living with people on Medicaid who get the same care and didn't pay any premiums.
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I agree and then there are the instances where those insurance carriers went under.