LTCI--A Personal Decision

A Personal and Financial Lifeline

Long-term care insurance (LTCI) isn’t for everyone.  It isn’t a magic wand that will bring tranquility to the experience of a catastrophic chronic need for care over an extended period of time.  But it can provide financial stability and resources unavailable from traditional health care insurance or from the government.

To find out what works for you—and that might mean not buying insurance—start with the basics— your concerns, your health history, and your budget.  Don’t let an agent fit you into a policy.  Benefits and costs should be tailored to your needs.

Comprehensive LTCI pays for home health care and adult day care, as well as for assisted living and skilled nursing facility care.  A well structured policy can help to preserve your independence and your assets by assuring that you are in control of your care.

For a very objective discussion of LTCI, see Kelly Greene's article in the Wall Street Journal's Weekend Investor section, Saturday/Sunday, April 7-8, 2012, pp B-5 & 8, titled Don't Grow Old Without It