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LONG TERM CARE.

PostPosted: Sun Mar 31, 2019 9:40 am
by DazedandConfused
The cost of Long Term Care (LTC) is prohibitive. I just read where the median cost for LTC is $48,000. I know that Medicare and BC/BS is limited in what they will pay of this amount, but they must certainly pay at least $10,000 for drugs and procedures. My retirement income can easily cover the $48k without touching retirement savings except for MRD. I am picking peoples brains - what would be a reason to buy LTC Insurance if you can cover LTC with current income? I figure if I were to go into a nursing home all my non health related expenses would drop to zero, including income tax.

Re: LONG TERM CARE.

PostPosted: Mon Apr 01, 2019 7:19 pm
by WestTX
Dazed,

Long story short... LTC premiums are very high, especially for older folks. My understanding is that there are some hybrid-type policies that might be beneficial, but in my opinion, costs are soaring and I'm not sure how many companies can continue to offer policies. At one time John Hancock and Genworth were primary providers, but I don't know if that's true today. Both had a pretty good 5-year plan with an inflation factors, but today's soaring care costs are creating real havoc.

Consult an actuary and/or a CPA for solid advice and figures. I've always believed that estate planning was crucial, so throw a lawyer into the advice pool too. I guess... if your retirement annuity and other investments will cover your bed-pan and other healthcare expenses, then forget LTC and invest the funds otherwise spent on premiums for other wise investments.

DDeath probably has a few interesting comments, given his age and possible similar circumstances.

Life's a bitch, then you die. Just shitz on'em...

WestTX

Re: LONG TERM CARE.

PostPosted: Tue Apr 02, 2019 6:41 am
by DazedandConfused
Tx, I can't even stand to talk to DDeath anymore with his fanatical hatred of Trump. I would rather be dead than be a Socialist Democrat.

Re: LONG TERM CARE.

PostPosted: Wed Apr 03, 2019 3:38 pm
by DDEATH
Dazed, my dislike of Trump is not fanatical. Hate is the most wasted emotion, and I don’t have the energy. I gave him a chance, hoping he would rise to the office. He blew that within a few days with his conspiracy theory about his inaugural crowd size and disjointed speech at the CIA.

But, this is business...........

If you have enough to cover your long term care......... don’t buy insurance. Put that premium into your savings and insure yourself.

I am presently downsizing from my 8 room house to a 5 room condo. My wife is four years younger than me and will outlive me by ten years. This move would set her financially, for life.

I do miss our discussions..... I only have my Nazi great-nephew to argue with!

Re: LONG TERM CARE.

PostPosted: Thu Apr 04, 2019 8:29 am
by DazedandConfused
DDeath, your total hatred for President TRUMP has ruined this forum. It is a shame you don't recognize your obsession. others have, and have left the forum because of you. We refuse to support Socialism/Communism/Islamic/Democrat ways. I would rather have a bloody Civil War than let your kind control my life. Donald Trump is the greatest President since George Washington, and Patriots will go to war to defend him.

Re: LONG TERM CARE.

PostPosted: Thu Apr 04, 2019 11:35 am
by vetclerk
HEY GUYS , WE KNOW THAT LEANING TOO FAR LEFT OR RIGHT IS PROBLEMATIC. BEFORE TRUMP ARRIVED ON THE SCENE THE LEAN TO THE LEFT WAS SINKING AMERICA. SINCE TRUMP WE ARE FIXING THAT DEADLY LEAN. ON THE LEFT SIDE OF THE SHIP ARE THE BIAS MEDIA AND MOST OF HOLLYWOOD AND THE MORALLESS DNC AND THE BRAINLESS LIBERAL COLLEGE PROFESSORS ALL TEAMING UP AGAINST TRUMP AND THE CONSERVATIVES . BUT AT LEAST THE SHIP IS NO LONGER SINKING LIKE IT WAS UNDER THE TRAITOR OBAMA.

Re: LONG TERM CARE.

PostPosted: Fri Apr 05, 2019 7:08 am
by DazedandConfused
VetClerk, after putting up with 8 years of that cocksucker traitor Obama. Trump comes along and is putting America back on track and all we get is this constant Socialist/Communist/Islamic/Democrat attack. I have always been conservative , but I didn't openly despise Democrats until now. I don't want my future determined by anything from Chicago, NY or LA.

Re: LONG TERM CARE.

PostPosted: Fri Apr 05, 2019 9:55 am
by WestTX
Lawd Have Mercy!

Dazed: DDeath didn't cause the forum decline. We old crappers jest outlast the rest, cuz we got more time on our hands! However, for the life of me I can't figure what happened to Geezer. I hope he's OK.

Today's problem is that the Repubes have been de-balled, while the Demoncraps are just pure evil scum lower than whale shitz. Old white men like you are being disenfranchised, while the lowest of social misfits are viewed as being entitled and special. You're jest being smacked and packed by Jussie, Anderson and Don! :lol:

Listen, cuz everybody here needs to listen to Chris Plante on WLS (Chicago) coming up in about five minutes.

Please go to: http://www.wlsam.com, and hit the "Listen Live" button!

WestTX

Re: LONG TERM CARE.

PostPosted: Fri Apr 05, 2019 10:03 am
by DazedandConfused
WestTx, we all have our opinions, but DDeath floods the forum with the same shit every day. Donald Trump is the only hope this country has. I have never supported any president as much as I support Trump, because he is the only man with the balls to undo what Obama did. Trump will be known as the man who saved America, and I put him in a league with Washington, because this is just as critical a time as 1776. Obama's Socialist/Communist/Islamic agenda has brought America to the brink of collapse and I would love to see him standing in front of a firing squad.

Re: LONG TERM CARE.

PostPosted: Fri Apr 05, 2019 10:38 am
by WestTX
Well, I supported Goldwater to the highest degree in '64.

Never forget how he was attacked: https://law.justia.com/cases/federal/ap ... 324/84727/

For whatever reason I always link the name, Ginsburg, to shitz. Maybe that's unfair.

WestTX