I'm trying to discover what affect this Health Care Reform boondoggle will have on Long Term Health Care Insurance. I'm guessing that it will gut that as well and we look forward to being treated like cattle when we grow too old to take care of ourselves. However, I can't find any serious analysis on the issue. All ...I read about is how wonderful CLASS will be. Does anyone have any information?

Yeah, this is the response I'm getting every where. What a mess we're in.

I think most people are still hoping it will just all go away. Or most likley no one really knows yet.

I dislike that all the talking heads still are refering to it as the health care bill not the heath care laws. It gives people a sense that there is still an easy out from under it, but the truth is the only sure way is to repeal the law(s) and start over. That is not a easy solution.

Do you have LTC insurance?

Long Term Care. Yes, everyone over 50 should have it.

Just curious. I work in the assisted living field. We are private pay. In PA, assisted living is not funded with medicare or by traditional insurance. We can take Long Term Care Insurance. Most people don't have anything, though.

Just wondered!

If possible everyone over 50 should have it but there are a few other things people should have. When they have children at home they should have at least some Term Life Insurance. If people are able to save for retirement even at $100 per month they should do so starting at day one of their working lives and don't touch it until at least age 60. Persons should also have an emergency fund equivalent to 8 months of their income.

Our country's financial health is hard to predict but those are the basics.

I'm mailing my quarterly LTC premium Monday. Costs a bundle, but after being the primary caregiver/ for 3 elderly relatives, for a period of 15 years, who had enough resources to handle their years of need, I saw what was likely to be required.

Also got term and whole life, carefully crafted. Wish I had saved more, but ...

GKC