 Can 'couples' therapy be covered under one persons' insurance? |
| Hopefully we can steer away from any mean jokes or advice about 'couples therapy'. But in all seriousness, just a quick inquiry about how its covered if one chooses to do it. What if both ... |
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 I paid nearly £2000 for my car insurance last year. why dont i get any of that money back at the end of year ? |
why dont i get some of it back did i only pay that £2000 for a few sheets of paper and an envelope ?
Additional Details
i didnt have any accident or make any claim should i be getting ... |
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 Problems with Primerica life Insurance? |
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 Is it possible to insure a grandparent with health issues? |
| My grandmother has some health issues and no life insurance. My uncle and mother have made poor financial decisions with their lives and I know that when the time comes, there will not be adequate ... |
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 Life insurance: denied for too much coverage?? |
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 Insurance rate question? |
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 If an insurance company sends me to court am i responsible for court and judges fee? |
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 Payment protection Insurance? |
| We took out a large loan, & at the time took out a payment protection insurance. We were just told that it would cover us if we were ill; or out of work.. We have just applied to cancel this ... |
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 Please help me find homeowners' insurance that will cover my dog.? |
| My two dogs were involved in a fight with another dog last year. All three dogs were bitten, and my homeowners' insurance paid out a claim. They have now sent a notice of non-renewal and I am ... |
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 How long can you go without paying your monthly health insurance bill on time? |
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| Hey, I've broke my laptop and I think I cam claim on my house insurance, do they replace the laptop with something similar or will they let me choose something that is the same price as my ... |
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| Why aig has bankrupted? |
| i m asking abt AIG amarica.... |
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 Do you have to file an insurance claim if the person on your own policy vandalized your car ? |
| To start off my vehicle is under me and my ex's name. I have an insurance policy with my car and his car in the policy. So last night my ex completly went psycho and smashed my front car window ... |
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| Travel insurance? |
| I have just got back from china. Whilst I was there I had my bag stolen which had clothes,shoes,etc. I purchased travel insurance before traveling and am covered for upto £2500 which is plenty to ... |
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mcneelyins | Do I really need to have a long term care policy? |
I have been told that I need a long term care policy but I do ot want to go in a nursing home. Should I look into this any further. Please let me know your what you think. I have been told without one I could lose my savings and my house. Is this true |
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Financial Answer Guy
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Rich is right. LTC insurance is not strictly nursing home coverage. A decent policy will help defray costs of in home care and day care as well as nursing home care.
The reality is nobody wants to go into a nursing home, but sometimes there is no other choice. Without LTC insurance you are self-insuring. This means that if you become sick or injured and need care (whether in your home or elsewhere) you will either be relying on family members or volunteers or paying for the care out of your own pocket (probably both). If you have an extended illness or chronic condition the costs of this care could certainly drain all of your assets.
By purchasing LTCi you are paying a fraction of the potential cost to transfer the risk to an insurance company. You are making the potential future cost of care the insurance company's problem, not yours.
I instruct my clients to begin considering LTCi when they are in their 50s, earlier if there is a significant family or personal history that would suggest they are at a higher risk of needing future care. Find a local agent or financial planner that specializes in long term care insurance. |
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529s.com
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First know that Long-Term Care Insurance is not just for nursing homes. It can provide for many different types of care. Here is more on LTC policies: http://www.findlocalinsurance.com/long-term-care.html |
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diannabishop
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Long term care doesn't apply just to nursing homes. It can also apply to home nursing, medical supplies, etc. So yes, check it out. This keeps you from burdening your children and relatives as you age. |
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christopher_mclean2002
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I am not sure of your age in this matter and it could be case sensitive. If I can suggest, I think that families have to be ready to expect health care to rise in costs. All I can suggest is that you explore all avenues before you make a decision. Remember, you are always allowed to change your mind. |
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get on with it
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If you are over 55, you should have LTC insurance. It provides at home and nursing care. The cost of care is very expensive. The cost of LTC insurance is very reasonable usually for way under $100/month. The younger you are, the less expensive your premiums. It's an investment worth having. |
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xpo158
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I beleive the odd are 1 in 2 babyboomers will require some kind of long term care. LTC can potentially be very expensive for full service nursing home care. But it's possible to have a nurse come see you for a few hours every day which will cut costs. If you do require long term care in the future, there is definitely a possibility to lose your savings and home with full service care. Here is california, LTC can cost 40-60K/yearthis can take a toll on savings or retirement plans. |
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