Why Should I Have Long Term Care Insurance?

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   63333 POINTS

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   Peggy Mace

   Most of the U.S.

   You should have long term care insurance if you have a large enough estate that you would hate for all of it to pay long term care costs, but not so large that you could easily pay all your long term care costs yourself. Also, if you are in the first group, it is nice to have long term care insurance so that you can choose your own nursing home or other form of covered care, rather than having to go with what Medicaid is approved to cover.

   Answered on June 2, 2013

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