Disability

CountAllVotes

(21,201 posts)

15. The place that retired me had long-term care available

Sat Sep 15, 2018, 01:09 PM

Sep 2018

I almost enrolled in it but decided against it as the cost was very high (more than the pittance of a pension I receive!).

Its a good thing I DID NOT do it because the long-term care program went bust. Some retirees paid over $50K into it and now have nothing to show for it.

Last I heard, a class action lawsuit has been formed. Who knows if they'll ever get a cent back (??).

Beyond disgusting in my book!

The people that paid into this are now older and screwed (who will sell LTC to someone in their 70s or 80s? No one or few and far between!).

They played the game and it FAILED.

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Assisted living costs [View all] CountAllVotes Sep 2018 OP

Unfettered capitalism... wcmagumba Sep 2018 #1

It is more than just that. While no doubt there is price abuse that goes on, even without that, it still_one Sep 2018 #7

And many caregivers are not well paid nt spooky3 Sep 2018 #16

absolutely. still_one Sep 2018 #18

It is expensive and that money is not going to the workers Bradshaw3 Sep 2018 #27

Just how could we control those expenses. What needs to be done is setup a social security type still_one Sep 2018 #28

My mom is in assisted living RazBerryBeret Sep 2018 #2

My BIL went through this recently CountAllVotes Sep 2018 #4

it IS totally sickening RazBerryBeret Sep 2018 #6

Agree. One option that may work for those needing spooky3 Sep 2018 #3

This sounds like a great option.... RazBerryBeret Sep 2018 #8

Indiana nt spooky3 Sep 2018 #13

That is what my BIL did CountAllVotes Sep 2018 #10

Glad he's doing so well! spooky3 Sep 2018 #14

This message was self-deleted by its author CountAllVotes Sep 2018 #21

we have that too in our area. its a nice community. you have the option of buying a home in there drray23 Sep 2018 #17

Yes it is a major problem, and there are no easy answers. You indicated she has been very close to still_one Sep 2018 #5

The only way this can be solved is if a program such as social security is setup where people still_one Sep 2018 #9

There was no such thing as "assisted living" when my grandma was alive CountAllVotes Sep 2018 #11

I understand. The point I am making is for the future what needs to be done. The problem for still_one Sep 2018 #12

The place that retired me had long-term care available CountAllVotes Sep 2018 #15

That is the problem, also with LTC insurance. Which is why I suggested for future generation they still_one Sep 2018 #20

N.J. ---- $4 -7k, depending on level of service. 3Hotdogs Sep 2018 #19

My husband was drafted into the Korean war CountAllVotes Sep 2018 #22

No offense to your husband, but Germany was not combat. 3Hotdogs Sep 2018 #23

He was living in a tank for 2 years CountAllVotes Sep 2018 #30

I had a second thought about his eligibility for VA benfits. 3Hotdogs Sep 2018 #32

I know where it is CountAllVotes Sep 2018 #33

I don't know what inquiries you have made but if you haven't done so, 3Hotdogs Sep 2018 #35

The only help we get is ................... CountAllVotes Sep 2018 #37

I have 2 close relatives who are nursing home administrators iamateacher Sep 2018 #24

This is why people REALLY do lose their homes BigmanPigman Sep 2018 #25

I have no "relatives" CountAllVotes Sep 2018 #34

How do people in other countries deal with this, I wonder? Ohiogal Sep 2018 #26

Other countries either assist their aging relatives in their own homes BigmanPigman Sep 2018 #36

That's actually inexpensive for assisted FailureToCommunicate Sep 2018 #29

Old age in her case is not a disability CountAllVotes Sep 2018 #31