Ask Terry Questions Long Term Care Insurance

Long Term Care Insurance

By Terry Savage on November 21, 2015 | Financial Planning / Retirement

I heard you talk about LTC insurance on WGN radio a couple of months ago. I don’t see anything specific on your website that discussed LTC insurance, only the home page link to Medicaid state benefits. Do you have information on the subject that will help me learn about the benefits of such a policy and expected cost?

Terry Says:  I regularly write columns about the subject because it is one that concerns me deeply.  Only after you have paid for a parent or grandparent’s care can you understand what a huge cash drain it is (not to mention an emotional issue), nor can you understand how the care provided by Medicaid is so substandard (especially in Illinois where I live!).

So here are links to two of my latest columns, and The Savage Truth is now in paperback and has a full discussion.  (You can find the column archives by clicking the green box at the top of the left column on the home page.)

August 27, 2015:  Long Term Care is not a Long Shot:

March 18, 2015:  Don’t Count on Medicaid for Long Term Care:

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