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According to the following rules A Spouse may keep between $13,740 and 68,700. With good home health care benefits available in most long term care policies, this choice can become a reality. Obviously, if more people purchase long term care insurance, fewer people will tap into the Medicaid and welfare programs that are jointly funded by the federal and state governments. Best, Standard & Poors, and others, and they would therefore be considered a solid candidate for your business. A Married couple would have to spend down 1/2 of their assets or more. Every State has their own rules about what income and net worth requirements will qualify you for Long Term Care assistance. Last but not least, tax-qualified long term care policies are tax deductible. That is why it's best to find the company that is best for your particular situation and not to view LTCi as just a cookie-cutter commodity. Long term care insurance activist, Clay Cotton, writes for - The Online Baby Boomers Decision Assistance Center, where you get Free Long Term Care Insurance advice, comparative rate quotes and personal guidance, all while safely at home in your favorite pajamas and bunny slippers. Many people decide against long-term care insurance under the misguided assumption that they cant afford it without actually finding out how much long-term care insurance costs. To Learn More Call Mike at 314 398-5547 or Visit Mike's Web Page They can help you find and select an insurance carrier that will best fit your needs because of the extra training and education they have received in this field. Yet, we still have no cure for Alzheimer's, Parkinson's disease, Multiple Sclerosis or many other illnesses that can cause a need for long term care. And in these cases, an argument could be made that those who will benefit most are the loved ones who are not suddenly and unexpectedly thrust into the role of caregiver with very little training and preparation. So if a Couple only has $13,740 the Spouse gets to keep it all and Medicaid will pay the long Term Care Costs. In the past, many insurers priced their plans anticipating that a certain amount of policies would lapse, which would lead to extra profit for the company. Studies show that most of us are going to need long term care at some point in our lives. Unum's analysis showed that 30 percent were cancer claims, and more than 10 percent were claims resulting from strokes. Underwriting changes: Over the last forty years, insurance companies have found that many policyholders who purchased LTC coverage have kept these policies in force longer than insurers anticipated. Here is a quote from their website: "About 60 percent of individuals over age 65 will require at least some type of long-term care services during their lifetime. For more on long-term care, health and life insurance visit my website 24-7-insurance.com. Unfortunately, by the time most people need long term care, the time to purchase insurance has long passed. Long term care insurance coverage simply MUST be considered by everybody who can medically qualify for this important coverage. But most retirees want to remain independent as long as they can, even when it comes to such simple things such as driving themselves to doctor appointments and to the store. Will is a retired Research Food Technologist who worked over forty years with a major Fortune 500 food company in the Midwest. Purchasing long term care insurance is a serious consideration with the ever rising cost of home health care and nursing home care. Unfortunately, nothing quite prepares us for having to care for the needs of another grown adult when they are no longer capable of doing so for themselves, if we have not already been trained for such a situation. Even so, most parents would like to leave something to their family, even if it is just the value of their home for their survivors to sell and split the proceeds.