“What Your Long Term Care Insurance Won’t Cover And How To Prepare For It,” by John E. Girouard, Forbes

“Certainly, LTC insurance can be a wonderful thing, and thousands of American families would tell you truthfully that it’s been a lifesaver during their time of need. But in the last year, several of my clients have been disheartened to discover what their LTC policies don’t cover—and, consequently, what they hadn’t budgeted for. So, I’ve come here with a warning that while LTC policies can be excellent once you’re sick enough to need round-the-clock nursing care, they do nothing to cover you during those in-between years.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Provocative article, but bottom line, insurance is for catastrophic risk. Save and invest for those “in-between years.”