Who should be getting Long Term Care Coverage?
Who Needs Long Term Care Coverage?
Most experts agree that you should get Long Term Coverage "if you have assets that are in the range of $150,000 to about $2,000,000." The reason is that those with assets of less than $150,000 will tend to deplete their assets very rapidly and hence will end up qualifying for MEDICAID!
It would seem that people "who have Assets in excess of $2,000,000 will generally be in a very strong financial position to cover themselves for any Long Term Care expenses. These people probably have the financial flexibility to cover these enormous expenses from their investments and other financial instruments that were specifically designed for this purpose.