• Question
  • Should I stop paying over $$3,000,00 a year for long-term care insurance?

    Asked by a 82 year old man from Beavercreek, OR on 1/15/2014

    Should I stop paying over $$3,000,00 a year for long-term care insurance?

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  • Categories: Long Term Care Coverage, Health Care and Health Insurance

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • There's an article on this here: http://www.newretirement.com/Services/Long_Term_Care_Insurance_Buying.aspx

    Long term care is most useful for people who don't have enough money to "self insure" but who do have enough money so they would not qualify for Medicaid (which can pay for long term care).

    The bottom line is this question is best answered by a fee only financial advisor who can review your situation in detail - you can reach out a financial advisor here: https://www.newretirement.com/free-retirement-consultation.aspx

  • Login to rate this answer:   Answered on 1/15/2014
**All above answers are provided as general information only. No warranty is made regarding the fitness or accuracy of the information provided in this answer. You should seek advice from a licensed CPA, attorney or CERTIFIED FINANCIAL PLANNER™ as to your unique financial situation.