Long-Term Care Insurance

Questions and Answers

1. How do we decide between a reverse mortgage for my father or a personal loan from me?

   - My father is considering a reverse mortgage to help with monthly expenses, but, as his daughter, I'm concerned about losing equity in our family home. I'm considering offering him a personal loan of about $50,000 so that he won't take this step. What should we consider before conducting this type of transaction within the family...
   1 Expert Answer

2. Should one use Medicare benefits to pay for home care before long term care insurance?

   - Should one use Medicare services first to pay for in-home care, such as meal preparation and giving medication, before using long-term care insurance?
   1 Expert Answer, 1 Community Answer

3. How come I do not qualify for long term care insurance?

   - I've had cancer surgery and successfully completed chemo and radiation. I use oxygen on and off. Why can't I get long-term care insurance? I was told I did not qualify.
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4. What is the age limit for long term care insurance?

   - What is the age limit to buy long term care insurance?
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5. How does a care agency process bills when the elder has long term care insurance?

   - If an elder has long term care insurance, how do bills get processed to pay for the agency providing care?
   1 Expert Answer

6. FAQ: Do some long-term care insurance policies protect assets when you're applying for Medicaid?

   - Some long-term care insurance policies help protect assets when you're applying for Medicaid coverage of long-term care.
   1 Expert Answer

7. When is it the age to buy long term care insurance?

   - At what age does it make sense to buy Long Term Health Insurance?
   1 Expert Answer, 2 Community Answers

8. Can I get paid to care for my parent in Florida?

   - Can I get paid to care for my mother at home? It's possible for you to get paid if your parent is on Medicaid or has long-term care insurance.
   1 Expert Answer

9. Are there programs available to help pay for home care?

   - My mother-in-law is a stroke victim and needs care for most things such as bathing, eating, driving. My father-in-law was recently in the hospital and we've realized that they need help. They are on a limited income and we cannot afford to pay for additonal care. Are there programs available to help with the costs for in-home care...
   1 Expert Answer

10. What are our options for paying for my mother's assisted living housing costs?

    - Read posted questions and answers concerning assisted living payment options at Caring.com.
    1 Expert Answer, 2 Community Answers