Chapter 17
The Top Five Problems with LTC Insurance
In This Chapter
• The level premium that isn’t
• Short claims need not apply
• Long-term care that isn’t long-term
• Not another insurance bill
• It depends on what you mean by bathing
Many middle-class and upper-middle-class people who want choice and control when they need LTC decide to purchase LTC insurance. They exchange their premium dollars today for the promise of an insurance company to pay for care.
But LTC insurance is not a perfect solution to the problem of how to pay for LTC. There are some distinct risks to the policyholder in deciding to use insurance to plan for long-term care.
I believe that most people who think about the pluses and minuses of LTC insurance, Medicaid, and paying ...

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