The Problems with Long Term Care Insurance
Much emphasis has been put on long-term care insurance as the primary vehicle for funding future care needs. It is indeed an elegant solution but there are also some issues that have to be considered. Many long-term care needs at home are not covered by long-term care insurance especially in the initial phases of the need for care. For example a person might do just fine on her own in the home but may need supervision with taking medications, help with providing meals, shopping, housecleaning and transportation to doctors’ appointments. These needs alone would not trigger benefits from a long-term care policy. Long-term care insurance usually comes into play further alon