Should Buy Long Term Care Insurance?
S. Stum, Ph.D. & Claire Althoff, Family Social
should CONSIDER buying long term care insurance
have sufficient income to pay for the premiums
today and in the future.
want to protect some of your assets and income.
will not have enough income and assets to be
able to self-insure, but enough that spending
down to Medicaid would not a fairly immediate
want to pay for your own care.
want to stay independent of the financial support
helps you meet your later life financial goals.
it is important to you to leave an inheritance.
should NOT buy long term care insurance if:
cannot afford the premiums today as well as
in the future.
have limited assets and income and would quickly
become eligible for Medicaid.