NeuroTalk Support Groups - Nursing home insurance

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doydie

10-14-2010 10:48 PM

Nursing home insurance

Does anyone have it? Is it worth it? How much does it cost? As we are entering our retirement years we are thinking about things

Judy2

10-15-2010 03:38 AM

Quote:

Originally Posted by doydie (Post 704807)

Does anyone have it? Is it worth it? How much does it cost? As we are entering our retirement years we are thinking about things

If it's the same type "advanced care" insurance that I checked into, you won't be eligible having MS. Guess they figure they'll probably have to pay out somewhere down the line. Hope your situation turns out differently!:)

Dejibo

10-15-2010 06:48 AM

I have it, but I have had it since long before the MS dx. its expensive, even tho I was given the policy when I was in my 20s. its part of a package of benefits I chose from work. If I break it down it costs me about $50 every other week. If I saved $100 dollars per month for the last 25 years, I would have a truck load of money, but would it be enough? Glad I have it, and glad I didnt drop it the many time I looked at it and wondered.

FaithS

10-15-2010 10:21 AM

I suspect that it's worth it, if you start young, like Dej. Nursing homes can easily cost $5,000 per month. So, even if Dej has spent $25,000+ on coverage, it wouldn't take long to spend that if health care was needed there.

However, I expect that premiums increase dramatically with age, and would not be affordable for someone "entering retirement years", even without MS.

Statistics show that less than 5% of people over 65 reside in nursing homes, and, less than 20% of people over 85 live in nursing homes. I know that I have MS, but even 75% of people with MS do not end up in W/C's. I'm just hoping that I'll be OK without nursing home insurance, because I'm sure it's not possible to get it anymore, with my MS.

~ Faith

Debbie D

10-15-2010 03:17 PM

I was rejected by two, yes two, insurance companies BEFORE I got the MS diagnosis. Reason: MS like symptoms...they can reject you even if you just seem like you have a disease...I wouldn't care if they charged me more, but I would sure like the opportunity to buy into a plan, since prices in the medical field keep skyrocketing.
If it comes to me needing to go into a nursing home, I'm going to go to Alaska and find me an ice floe to jump on...

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