My 66-year young mother, a retired-widow, is asking me whether she needs to get LTC or not at this point in her life. She is in good health, walks her dog twice a day, does gardening, occupies herself, visits friends and family. She mentioned she and my dad had saved all their adult life, she is on Medicare and has a supplemental health insurance for what Medicare does not cover. She gets my father's pension and will be getting her social security benefits soon by the end of the year. Is that enough to cover her? I will take care of her when the time comes but I hear a LTC insurance premium goes higher the older you wait. What do I tell her? HELP!
My husband and I purchased policies when we were in our 50s, and our 2 premiums are about 3K per year total and cover NH and in home services. I know the longer you wait, the higher the premiums are but we are very glad we did it.
Thank you and enjoy the fall, my favorite season.
It's wonderful that she is in good health now and active, engaged. That is huge! Many here deal with family members who have been sickly for years and at relatively young ages.
Is it possible to get some quotes on what LTC would cost?
You are so right, my grandmother had Lewy Body Dementia and lived to be 83; my grandfather had Alzheimer and lived to be 85, I took care of them both, at different times thank God until their last months where they needed 24-hr palliative care, it drained me so much, I got so depressed with their ups and downs, but felt blessed that I could help.
And thank you also, for your quick response, God Bless and enjoy this wonderful that is Fall....