Be sure you buy long term health care insurance. Without if, if you end up in a Nursing home, you will run through all your savings, then will have to go on Medicade. After you die, the governement will then come back on your estate and take anything of value to pay for what they paid in Medicade. It's a dirty little secret.
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By long term health care insurance plan I'm assuming you mean nursing home where one is unable to bathe, feed, clothe, toilet etc. What is the average premium cost for someone in their early fifties, (which I have been told is the right time to sign up) and does that simply supplement Medicare??
I didn't know Medicade could recoup costs....assuming that means you have assets. Also, assuming they cannot collect from your siblings. Yes? Thanks
