what is your current opinions on the two: continuing care facility or continue with long term insurance
Terry Says: Long term care insurance is designed to pay the money for a continuing care facility, or a nursing home, or for home health care. The concept of most continuing care facilities is that you move in while you are independent and healthy — and then when you need care you move to a portion of the facility where they can offer more attention. But the real issue is cost. It can be very expensive. Either you pay for a continuing care facility up-front (perhaps by selling your home when you move in) or by paying a fee, and then additional monthly amounts depending on the level of care you need. Money from a good LTC insurance policy can give you flexibility to have home health care.