Expert Column
Duane Lipham 
CLTC
Duane Lipham is a Certified Long-Term Care (CLTC) consultant who writes extensively on long-term...read more
Articles In This Column
- Do You Really Need Long-Term Care Insurance?
- Does Your State Have A Long Term Care Insurance Partnership Program?
- Buying Long-Term Care Insurance: What Is the Best Age to Purchase?
- Your Long-Term Care Insurance Plan: How to Find an Affordable Policy without Sacrificing Coverage
- Top 8 Facts About Long-Term Care Insurance in 2009
- How Long Will You Have To Pay Long-Term Care Insurance Premiums?
- The Underwriting Process: How the Price of your LTCI Premiums are Determined
- Long-Term Care Insurance: The Application & Underwriting Processes
- Why You Could Be Declined For Long-Term Care Insurance
- The Advantages of Long-Term Care Insurance for Couples
- No Long-Term Care Insurance? Read This!
- LTCI: Does Automatic Inflation Protection Guarantee Against Rate Hikes?
- A Sneaky Secret About Long-Term Care Insurance Premiums
- How to Identify a Partnership-Qualified Long-Term Care Insurance Policy
- State Long-Term Care Partnership Programs: An Overview
- The Most Common & Expensive Long-Term Care Insurance Mistake
- Preserve Your Long-Term Care Coverage with Inflation Protection
- Long Term Care Insurance: How to Choose the Best Elimination Period
- Do You Really Need All Those Long-Term Care Insurance Options?
- Are Tax-Qualified LTCI Policies Consumer Friendly?
- Choosing the Long-term Care Insurance Company That’s Right for You
- Tax Benefits for Long-term Care Insurance: What You Qualify For
- How Do You Select A Daily Benefit For Long-term Care Insurance?
- Which is Better: Individual Long-Term Care Insurance or Group Plans?
- Preparing for the High Cost of Long-Term Care
- When Should You Consider Buying Long-Term Care Insurance?
- The Facts: What Medicaid Pays for Long-term Care
Financing Long-Term Care
Comments For "Preparing for the High Cost of Long-Term Care"
This is really important information for people to know. Unfortunately, I learned how much long term care costs the hard way when my brother and I had to find a skilled nursing home for our mother. Although she had some money saved, it wasn't enough and she didn't qualify for Medicaid, so we paid for it out of our savings after the money ran out and it has been a real hardship. I think a lot of people thought what we did, that there are government programs to help those who need it, but those are very limited. It's best to plan ahead and wish we had known that ten years ago.