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Q: We are senior citizens who are living the good life by
watching our expenses very carefully. We vacation where we find good deals, shop with
coupons, read your newsletter, etc. We have discussed long term care insurance a
number of times and always conclude that it would limit our lifestyle considerably to
spend several thousand dollars a year on it.
Recently a woman we know had a stroke. Now the only nursing home that can handle her costs
$800/day. She is at the end of Medicare benefits. Her husband will be going on
welfare due to her medical expenses. We are once again discussing LTC insurance. Can
you give us any input
on this issue?
Vivian
ANSWER » |
