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csziggy

(34,189 posts)

6. You have to watch out for the payout, though

Reply to sinkingfeeling (Reply #1)

Wed Apr 5, 2017, 12:18 AM

Apr 2017

My mother in law had long term care insurance for decades. While it was great coverage when she signed up and her rates never increased by the time she needed it last year it didn't pay even a quarter of the amount the nursing home and assisted living facility cost. Medicare paid part but it sure didn't pay it all. Now that she is gone, the family is trying to sort out everything and collect as much as she was entitled to.

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Just get a notification about new rates for my Long-Term Health Insurance [View all] question everything Apr 2017 OP

I've had my policy for over 30 years with no rate increases. The payout sinkingfeeling Apr 2017 #1

I have 5% inflation protection and this may have contributed to the raise question everything Apr 2017 #5

You have to watch out for the payout, though csziggy Apr 2017 #6

I know. My mother spent the last 2 years of her life in assisted living/nursing sinkingfeeling Apr 2017 #7

if I may ask a delicate question... dixiegrrrrl Apr 2017 #2

I think the OP is talking about Long Term CARE insurance. marybourg Apr 2017 #3

Yes, I am. And certainly Medicare is a good example of how many can be covered question everything Apr 2017 #4