It was actually Rosalynn Carter who made that statement regarding caregiving.

I’m sorry that it took so long to post your comment. It was interpreted as spam so I didn’t see it.

Because I think it’s extremely important for everyone to purchase long term care insurance, I wanted to go ahead and post your reply. With health reform, LTC costs may increase dramatically so we should all get it while we can still afford it.

I was a caregiver for my uncle. He needed care for almost 6 years. He and my aunt went through their entire life savings.

After his stroke, she asked, “… why didn’t we own long term care insurance?” She’d never heard of it. When I’d brought it up to him 2 years before his stroke he told me, “I’m never going into a nursing home.”

If I’d known then, what I know now, I would have told him that it’s NOT nursing home insurance.

It has been mistakenly called “nursing home insurance”. But, less than 37% of claims on long term care policies are for nursing homes. More than 63% of claims are for home healthcare and community care.

The funny thing about long term care insurance is that the price of a policy can vary a lot from one insurance company to the next.

Each long term care policy has a different way of charging premium based upon health history, marital status, choice of benefits, and even state of residence.

When comparing nearly identical benefits from 10 of the top policies, the premiums will often vary by 75% or more, from the lowest to the highest.

It pays to shop and compare all types of insurance, but especially long term care insurance.

Scott A. Olson http://www.LTCInsuranceShopper.com