Comments on: Do I Need Long Term Care Insurance?

By: Editor, Equifax Personal Finance Blog

Editor, Equifax Personal Finance Blog — Thu, 03 Mar 2011 20:46:12 +0000

From Diane at ActiveRain:

There are some very good plans out there even available for those with pre-exisitng conditions.

http://activerain.com/blogsview/2102085/do-you-need-long-term-care-insurance-

By: john ronnie

john ronnie — Mon, 31 Jan 2011 05:33:10 +0000

It depends on the situation. Long Term Care Insurance is not applicable for all. Thank you for sharing an interesting article.

Long Term Care Insurance Alabama

By: ltcshop.com

ltcshop.com — Thu, 27 Jan 2011 17:11:59 +0000

Now that 40 states have "LTC Partnership programs" you do not have to buy an "unlimited" long-term care insurance policy.

You only need to buy an amount of long-term care insurance equal to the amount of assets you want to protect for yourself, your spouse or partner, and/or your heirs.

The Long-Term Care Partnership programs provide dollar-for-dollar asset protection. Each dollar that your partnership policy pays out in benefits entitles you to keep a dollar of your assets if you ever need to apply for Medicaid services.

Four states have successfully run LTC Partnership programs for years, namely, California, Connecticut, Indiana and New York. 36 other states have implemented similar programs since the passage of the Deficit Reduction Act in 2005.

Here’s a link to a more detailed explanation:

http://bit.ly/How-Partnership-Policies-Protect-Assets