Before you sign a contract, you need to make sure that a community is financially secure. You can start by asking for an audited financial statement. |
I've got two kids and I don't want to burden them with that kind of expense when I'm 75 or 80 or 85. People with houses, stocks, savings, retirement funds, they may want to look at this. That's what drives the middle class to think about long-term-care insurance, to preserve estates. |
People are sitting on a lot of equity. What we're saying is you can use this money to prevent going on Medicaid. |
There are many more options than most people know about. Most people are pretty uninformed about long-term care. |
There is a great opportunity here for people to stay out of nursing homes and get the care they want in the place they want, which is normally at home. |
This is a new program, and people are trying to learn about it, and concerns about travel are questions people need to ask. It could be a problem, but we probably won't see this until more people start heading north. |
When you're talking about $46,000 a year, it eats up whatever inheritance there might be. |