paradisePWoffrd
Recovering Project Junkie
- Joined
- Nov 5, 2005
- Location
- Newton, NC
My parents have it too, with a policy that covers fulltime in home care. My mom worked in home health her whole career, and saw what the care/Medicare costs were.My parents have "long term care insurance." A premium you pay now that pays for your care if needed.
I'd never heard of it until Dad mentioned it. At the time I thought, Jeez what a scam.
Then he showed me the bills from Grandmother's care the last few years of her life, and what its costing my aunt after my uncle's stroke, and now I totally get it.
Dad is a pretty smart guy and realized how quickly the estate would be drained, and thats his hedge against it w/o being rich.