Author Topic: Do you have long term care insurance?  (Read 1294 times)

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Offline guzzijohn

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Do you have long term care insurance?
« on: December 17, 2010, 03:17:15 AM »
If not how are you planning to pay for nursing home costs if the need arises? Being in our mid 50s we have just started checking into this. Premiums seem pretty high with a lot of loopholes. Thoughts?
Guzzijohn

Offline Swampman

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Re: Do you have long term care insurance?
« Reply #1 on: December 17, 2010, 04:05:37 AM »
I plan on going hunting when I can no longer remember how to find my car or way home.
"Brother, you say there is but one way to worship and serve the Great Spirit. If there is but one religion, why do you white people differ so much about it? Why not all agreed, as you can all read the Book?" Sogoyewapha, "Red Jacket" - Senaca

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Offline SHOOTALL

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Re: Do you have long term care insurance?
« Reply #2 on: December 17, 2010, 08:42:41 AM »
Very expensive.
If ya can see it ya can hit it !

Offline guzzijohn

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Re: Do you have long term care insurance?
« Reply #3 on: December 17, 2010, 08:45:23 AM »
Quote from Swampman:
Quote
I plan on going hunting when I can no longer remember how to find my car or way home.

Hope you can remember where you rifle and ammo is. ;D
GuzziJohn

Offline SwampThing762

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Re: Do you have long term care insurance?
« Reply #4 on: December 17, 2010, 10:39:22 AM »
Quote from Swampman:
Quote
I plan on going hunting when I can no longer remember how to find my car or way home.

Hope you can remember where you rifle and ammo is. ;D
GuzziJohn

When I cannot find my rifle and ammo, I will just go hog hunting with my knife.  Won't be the first time I have done that.......

St762
We learned the true nature of Islam on 11 Sept 2001.

Show your appreciation for Islam....eat more bacon.

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Offline Swampman

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Re: Do you have long term care insurance?
« Reply #5 on: December 18, 2010, 02:52:11 AM »
It's not the governments job to take care of the elderly.  It's their family's job.
"Brother, you say there is but one way to worship and serve the Great Spirit. If there is but one religion, why do you white people differ so much about it? Why not all agreed, as you can all read the Book?" Sogoyewapha, "Red Jacket" - Senaca

1st Special Operations Wing 1975-1983
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"Manus haec inimica tyrannis / Ense petit placidam sub libertate quietem" ~Algernon Sidney~

Offline guzzijohn

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Re: Do you have long term care insurance?
« Reply #6 on: December 18, 2010, 03:35:11 AM »
Quote from Swampman:
Quote
It's not the governments job to take care of the elderly. It's their family's job.

In an ideal world. As I have posted before, my mother is 96, in a nursing home for the last three years. She requires two people to transfer her from bed to chair, bathroom, etc. along with some skilled nursing care. We could not do that. Her costs are around $5K a month. I don't know about you but we cannot afford to pay that a month. What would you suggest Swampman? This is why my wife and I are looking into the insurance so that we can be responsible for our own care if needed.
GuzziJohn

Offline Swampman

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Re: Do you have long term care insurance?
« Reply #7 on: December 18, 2010, 09:25:20 AM »
What did people do before they had a golden parachute provided by the taxpayers?  The country is broke.  Time to buck up.
"Brother, you say there is but one way to worship and serve the Great Spirit. If there is but one religion, why do you white people differ so much about it? Why not all agreed, as you can all read the Book?" Sogoyewapha, "Red Jacket" - Senaca

1st Special Operations Wing 1975-1983
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"Manus haec inimica tyrannis / Ense petit placidam sub libertate quietem" ~Algernon Sidney~

Offline guzzijohn

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Re: Do you have long term care insurance?
« Reply #8 on: December 18, 2010, 09:35:02 AM »
Quote from Swampman:
Quote
What did people do before they had a golden parachute provided by the taxpayers?  The country is broke.  Time to buck up

At least according to my father that was born in 1904 when I ask about the same kind of question years ago. His answer was "Died".
GuzziJohn

Offline bigMikeA

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Re: Do you have long term care insurance?
« Reply #9 on: December 18, 2010, 02:52:11 PM »
I plan on going hunting when I can no longer remember how to find my car or way home.

Yep...  thank you Swampman...  that's the way it oughta be.

Offline bigMikeA

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Re: Do you have long term care insurance?
« Reply #10 on: December 18, 2010, 02:52:59 PM »
It's not the governments job to take care of the elderly.  It's their family's job.

absolutely YEP!

Offline bigMikeA

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Re: Do you have long term care insurance?
« Reply #11 on: December 18, 2010, 02:54:14 PM »
What did people do before they had a golden parachute provided by the taxpayers?  The country is broke.  Time to buck up.

yep..   ;)

Offline eye shot

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Re: Do you have long term care insurance?
« Reply #12 on: December 18, 2010, 03:08:11 PM »
If you have no assets medicaid will pay for your LTC.
RIP Mike. Died on July 14th, around 2am, with his family at his side, he went peacefully to be with god.

http://www.sent-trib.com/obituaries/michael-l-schulte

Offline Swampman

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Re: Do you have long term care insurance?
« Reply #13 on: December 18, 2010, 03:23:42 PM »
Sadly true......

"fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities."

Thomas Jefferson

Socialism of any kind needs to be eliminated.
"Brother, you say there is but one way to worship and serve the Great Spirit. If there is but one religion, why do you white people differ so much about it? Why not all agreed, as you can all read the Book?" Sogoyewapha, "Red Jacket" - Senaca

1st Special Operations Wing 1975-1983
919th Special Operations Wing  1983-1985 1993-1994

"Manus haec inimica tyrannis / Ense petit placidam sub libertate quietem" ~Algernon Sidney~

Offline 351 power

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Re: Do you have long term care insurance?
« Reply #14 on: December 19, 2010, 03:14:05 AM »
very tough call guzzijohn but the premiums won't seem bad if you need the service later in life. always a balance of priorities.
every day is a gift. use it well

colour is a symbol of where you are from and not of who you are

Offline guzzijohn

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Re: Do you have long term care insurance?
« Reply #15 on: December 19, 2010, 03:53:57 AM »
BigMikeA and Swampman have gave no answer to what happens if the family is unable to provide the care due to financial or nursing skills inabilities. Are we to put are elderly and severally disabled out on the curb with the trash?
GuzziJohn

Offline DDZ

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Re: Do you have long term care insurance?
« Reply #16 on: December 19, 2010, 11:56:10 AM »
If you have no assets medicaid will pay for your LTC.

If you do have assets those what are considered your assets are taken, then medicaid will pay, but if a spouse is living in the home, what is considered his assets and the home can not be touched buy the state until his or her death. Then what was spent by medicaid is taken from the estate at that time.     
Those people who will not be governed by God will be ruled by tyrants.    Wm. Penn

Offline Swampman

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Re: Do you have long term care insurance?
« Reply #17 on: December 19, 2010, 12:10:58 PM »
what happens if the family is unable to provide the care due to financial or nursing skills inabilities. Are we to put are elderly and severally disabled out on the curb with the trash?

"Another practice considered cruel by the European people was the sick and
elderly being left behind when the tribe moved to follow the migration patterns of the
buffalo they fed off. What the Europeans didn’t understand was that if the tribe had to
slow down for one person, there was a very real chance they would lose the track of
the buffalo and the whole tribe could potentially die of lack of food if they did not find
another herd in time. Elders were highly respected in the tribes as counsellors and
teachers of the young, and they knew that they the individual must be sacrificed for
the group, so when the time came when they couldn’t keep up any more, they asked
to be left behind. On the harsh Plains, the elderly and sick would quickly die of
exposure, from either the biting winds, baking days or freezing nights. From the view
of the Westerners, this was merciless and disgusting behaviour, but they often did
not understand the sacrifices which had to be made in such an arid place to keep up
with your only source of survival and that the people who were left behind chose to
be abandoned."

For me dignity in death is more important than keeping me alive so the companies that perform these services can get rich.
"Brother, you say there is but one way to worship and serve the Great Spirit. If there is but one religion, why do you white people differ so much about it? Why not all agreed, as you can all read the Book?" Sogoyewapha, "Red Jacket" - Senaca

1st Special Operations Wing 1975-1983
919th Special Operations Wing  1983-1985 1993-1994

"Manus haec inimica tyrannis / Ense petit placidam sub libertate quietem" ~Algernon Sidney~

Offline billy_56081

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Re: Do you have long term care insurance?
« Reply #18 on: December 19, 2010, 12:20:12 PM »
It comes down to belief, libs fear death and will do anything to hang on to life. Me I have no fear of dying, I know where my destiny lies.
99% of all Lawyers give the other 1% a bad name. What I find hilarious about this is they are such an arrogant bunch, that they all think they are in the 1%.

Offline Cabin4

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Re: Do you have long term care insurance?
« Reply #19 on: December 19, 2010, 01:08:11 PM »
BigMikeA and Swampman have gave no answer to what happens if the family is unable to provide the care due to financial or nursing skills inabilities. Are we to put are elderly and severally disabled out on the curb with the trash?
GuzziJohn

Its called Medicare. Its available to every single legal American citizen. If you are unable to pay and require nusing home care, you will be placed into a Medicare approved facility with all your medical and nursing care provided at no cost.
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Offline guzzijohn

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Re: Do you have long term care insurance?
« Reply #20 on: December 19, 2010, 01:20:46 PM »
Quote from Cabin4:
Quote
Its called Medicare. Its available to every single legal American citizen. If you are unable to pay and require nusing home care, you will be placed into a Medicare approved facility with all your medical and nursing care provided at no cost.

May I respectfully say that I think you confused Medicare and Medicaid. Medicare will pay for up to 60 days, thats it. After that it is Medicaid. Been there, done that with my mother. Apparently some others on this board see Medicaid as a bad socialist thing.
GuzziJohn

Offline charles p

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Re: Do you have long term care insurance?
« Reply #21 on: December 19, 2010, 01:26:19 PM »
Yes, my wife and I have LTC insurance.  About two years ago we got a policy for her, and was told that I was not insurable.  Then I looked into a policy this summer and found a company that would cover me at standard rates if I lost 20 pounds - which I did.  LTC companies give a big discount whenever couples apply for coverage.  We purchased the coverage amount that I would need, then took the minimum amount of coverage my wife could get, and the discount for the joint coverage exceeded the cost of her second (and little) policy by a large amount.

Offline Cabin4

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Re: Do you have long term care insurance?
« Reply #22 on: December 19, 2010, 01:44:21 PM »
Quote from Cabin4:
Quote
Its called Medicare. Its available to every single legal American citizen. If you are unable to pay and require nusing home care, you will be placed into a Medicare approved facility with all your medical and nursing care provided at no cost.

May I respectfully say that I think you confused Medicare and Medicaid. Medicare will pay for up to 60 days, thats it. After that it is Medicaid. Been there, done that with my mother. Apparently some others on this board see Medicaid as a bad socialist thing.
GuzziJohn

Yes your right. I meant Medicaid. No elderly qualified person that needs the care will be left on the street.
Avery Hayden Wallace
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Offline bigMikeA

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Re: Do you have long term care insurance?
« Reply #23 on: December 19, 2010, 02:43:12 PM »
BigMikeA and Swampman have gave no answer to what happens if the family is unable to provide the care due to financial or nursing skills inabilities. Are we to put are elderly and severally disabled out on the curb with the trash?
GuzziJohn


Yep....and remember....its not the repubniks that want death panels....its them durn demorats.

..TM7
.

death panels ??  ::)  ::)

"Are we to put are elderly and severally disabled out on the curb with the trash? "  NO, NO,  but I guess that might be an option if all else is too inconvenient for you.

What would you do if, God forbid, you found yourself a parent or grandparent of a special needs child??  It happens to lots of people every single day and as far as I know you cannot purchase an insurance policy ahead of time to help you out should the need arise.

What will you do if your insurance company goes tango uniform about the time you need them?  Or they spring one of the aforementioned loopholes on you?  Then what?  Happens you know.

There was a time not so very long ago in this country that families, their church, neighbors, communities, and local charities took care of the infirm and it worked pretty well for a long, long time. 

Yeah, I know you're gonna hit me with the huge increase in life expectancy we have experienced over the years that has resulted in mom, dad, granma, and granpa hanging around longer than is apparently convenient for some of you.

So..  like has been pointed out, you can always go the socialist route and the .gov WILL take care of them.

But I still believe that it's a family, not .gov thing. 

And you have my solemn vow that when the day comes that ol bigMikeA sees the light at the end of the tunnel, I will not become an impossible financial burden to my family.   ;)

Offline guzzijohn

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Re: Do you have long term care insurance?
« Reply #24 on: December 19, 2010, 11:54:18 PM »
Quote from bigMikeA:
Quote
What would you do if, God forbid, you found yourself a parent or grandparent of a special needs child??  It happens to lots of people every single day and as far as I know you cannot purchase an insurance policy ahead of time to help you out should the need arise.

I have over 30 years experience with the disabled, both adults and school age. If the parent has group health insurance the disabled child is usually covered. Otherwise Medicaid and SSI are available but again some on this board have a problem with that claiming socialism.
GuzziJohn

Offline Cabin4

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Re: Do you have long term care insurance?
« Reply #25 on: December 20, 2010, 05:29:53 AM »
Help is available for qualified elderly people. They just need to know where to get it. Long term care insurance gives you the assurance that your personal retirement savings won't be impacted to pay for the nursing home care. If you don't have long term care insurance then you do have to pay untill your personal cash level drop to $70k. You still get to keep your home but Medicaid kicks in to pay at that point. If you decide to sell your home and you recieve cash at closing, then that money becomes eligible to pay for your care until it runs out. Medicaid then kicks in.

All the BS about the elderly getting thrown out in the streets becasuse they cannot afford nursing home care a "red herring".
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Offline SHOOTALL

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Re: Do you have long term care insurance?
« Reply #26 on: December 20, 2010, 05:48:40 AM »
Cabin true , but visit some of the homes .....
If ya can see it ya can hit it !

Offline Cabin4

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Re: Do you have long term care insurance?
« Reply #27 on: December 20, 2010, 06:07:37 AM »
Cabin true , but visit some of the homes .....

I have. Some are okay and some are not. I guess the point thier would be, buy a LT Care insurance policy and don;t wait until your 55 to buy it. Buy one when your 30 and pay for it for 10 or so years and never worry again. It will allow you to go into a good place that can be afforded under the policy. Most every place will allow you to stay even if your policy runs out and you are broke. They will do what they can directly with Medicaid.
Avery Hayden Wallace
Obama Administration: A corrupt criminal enterprise of bold face liars.
The States formed the Union. The Union did not form the States. States Rights!
GET US OUT OF THE UN. NO ONE WORLD GOVERNMENT!
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Offline billy_56081

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Re: Do you have long term care insurance?
« Reply #28 on: December 20, 2010, 07:13:09 AM »
Just one question for you liberal parasites, who is going to pay the bill?
99% of all Lawyers give the other 1% a bad name. What I find hilarious about this is they are such an arrogant bunch, that they all think they are in the 1%.

Offline pastorp

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Re: Do you have long term care insurance?
« Reply #29 on: December 20, 2010, 09:32:29 AM »
A couple of thoughts on this subject.

First I agree with the concept of swamp mans comments. The concept is in line with scripture. We are obligated to provide for our families. Scripture says when a family cannot provide then the church should take over and provide. Of course governments did not help in bible days but I see nothing wrong with a government showing mercy. I believe there are two big reasons God has blessed America like he has. 1. America has sent missionaries out with the gospel. 2. America has shown mercy to the world in every tragedy. As a nation we have shown the world the heart of God by doing these things. I guess I would only say to swamp man, where is the mercy in your attitude.

Second, the benefits like SS or medicare & medicaid are not entitlements for most of us. We paid into those programs and so should be able to collect on them when we need them. They are no different than private insurance if you have paid into them. I started paying into SS when I was 16. So when I need it I will collect on it with a clear conscience.

Regards, 
Byron

Christian by choice, American by the grace of God.

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