Originally Posted By: snit
Too funny, this topic came up last night over dinner. Have only researched minimally a few months ago. We're getting "closer" to retirement, but not sure what the Magic 8-ball says yet. I need to do more research and come up with a decision before 10/1.


Don't wait to decide.

The problem is that there's a huge backlog of people applying for LTC care, and it takes time to get the approval from the insurance company.

And many insurance companies are raising the rates rapidly because people are desperate to opt out.

Some companies are not accepting applications from people under 50. You only need to prove you have insurance by the cut off date, there's nothing that says you need to keep it. So most people plan to get the policy, then drop it after a year so.