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To: John Carragher who wrote (120941)6/19/2005 10:18:33 PM
From: MichaelSkyy  Read Replies (1) | Respond to of 793790
 
John, I bought a Long-Term Care Policy thru State Farm in Oct, 2000..
I pay $103 per month..I got $100 per day coverage then, with automatic
increase per day based on inflation/cost of care..

So, I'm assuming, it's a $100+ per day, minimum...and since I now live in
Missouri, instead of Calif, I'm guessing I could probably be pretty well taken
care of for that amount...if and when ever needed...

FYI

Mike

edit: I was 58 when purchased..



To: John Carragher who wrote (120941)6/20/2005 10:30:18 AM
From: Ilaine  Read Replies (2) | Respond to of 793790
 
If I recall correctly, I think the average length of time in long term nursing home-type care is around 3 years. I am far from an expert on this, it's truly a nightmare for those who are trying to navigate the maze.

I guess that's true of so many things in life, income taxes, buying a home, refinancing a home, life insurance, health insurance.

At least now we have the Internet, which is a big help.

My siblings chipped in and bought my mom a computer for Christmas. She used to be snarky about the amount of time we all spent on the computer. Only took her a few weeks to learn to use email and research things on google, and she's constantly looking things up, just like the rest of us.