Long Term Care Insurance

Someone again asked me about this, I have an article on my website. If you are Canadian, I would be cautiously supportive, but it depends on your circumstances. The costs can outweigh the benefits. If you have a large estate which you are planning on using and spending down, if you don't necessarily have someone you want to leave money to, or something, then it is not as important.

Long Term Care Insurance is especially useful in this country for help in the home. This is many times what makes the difference between beign able to stay in one's own home, and having to move to senior's housing, such as assisted living or nursing homes.

Make sure it is indexed to inflation, check out the company, make sure it will pay costs when you will need it, , find out about waiting periods before it kicks in.

Do your homework.

More on LTC In surance

I have heard from several Geriatric Car Managers in the U.S. that they have trouble being paid for, or helping their clients access the benefits that thye shoudl have gotten from their long term care insurance. This is quite troubling, as it is being so heavily promoted.

Be Warned: LTC insurance in Canada is still new, and still being sorted out. Do not be rushed into buying it by the scare tactics of those selling it.

Make sure you do your homework.

How you can make surethe companies actually live up to what they say, and what kind of hoops they will make you or your loved ones or service providers go through to collect it--well I don't know.