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Old 01-10-2017, 09:12 AM
 
29,863 posts, read 34,929,245 times
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Quote:
Originally Posted by ruthinraleigh View Post
I have been keeping up with this thread out of interest, but as an outsider looking in. I have not even looked at LTCi since I am most likely uninsurable due to a pre-existing inherited neuropathy that has been symptomatic since childhood. At 58, I currently wear leg braces, have a hand splint and use a rollator.

So, not many options except to self-insure. Lots of us out there with inherited conditions that make LTCi insurance almost impossible to acquire. So, when the time comes, being prepared to buy into a continuing care facility and make the monthly payment seems like a good option to me. That is what I have asked my husband we plan for financially. In the meantime, I try to keep myself as healthy and active as possible to slow down the inevitable progression of the disease.
Greetings neighbor. May I strongly suggest you begin to investigate the CCRC options in NC especially Raleigh, Wilmington and Charlotte areas. There is a lot to learn about pricing and admission standards. There are both financial and health standards beyond the advertised buy in fee. Often much more. At the high end is Searstone in Cary, very nice and expensive. I say that so you can establish a price range based on projected resources available. Find out now if you meet their health requirements now and how much longer you can expect to. Many of the established places having waiting lists and they can be multiple years long. Remember some on the waiting list will go elsewhere having paid to go on multiple list and others will have passed or are just not ready/

The Triangle for NOW is a booming market for providing living spaces for seniors with resources of their own and not dependent on government. That is where the increase in bed space is occurring. There is a third Del Webb active 55 community about to be opened in Wake Forest and that is a lot for one area this size.

Raleigh is a booming retirement destination and I would suggest sorting out your place in it now. Especially with regard to health care. There are some large looming clouds and questions out there. I remember your handle from previous threads.
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Old 01-10-2017, 10:18 AM
 
Location: Florida -
8,772 posts, read 10,876,703 times
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Quote:
Originally Posted by reneeh63 View Post
If I could ask, how do you know in advance what your premiums will be for the first (or next) 20 years? Did the insurer guarantee no increases or set increases? My quote didn't include any limit so if I start at $300 a month, for a SINGLE policy, and assume 5% increases each year I come up with at least 50% higher amount than what you give...Now, that may end up being a couple years of SNH care in my area. But, I could easily be paying in for 30 years.

We bought the John Hancock Leading Edge LTCI policies in mid-2008. The rates then (61/65) are the same today (69/73). While JH has had some significant life and LTCI increases, the CPIU-indexed Leading Edge LTCI series has been excluded from those. We pay $4200year/$350mo for both of us. My calculation of $80K over 20-years is based on that. I don't remember whether we got a guarantee of no increases or set increases - but, will look into that further.
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Old 01-10-2017, 10:22 AM
 
118 posts, read 141,132 times
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Originally Posted by TuborgP View Post
Greetings neighbor. May I strongly suggest you begin to investigate the CCRC options in NC especially Raleigh, Wilmington and Charlotte areas. There is a lot to learn about pricing and admission standards. There are both financial and health standards beyond the advertised buy in fee. Often much more. At the high end is Searstone in Cary, very nice and expensive. I say that so you can establish a price range based on projected resources available. Find out now if you meet their health requirements now and how much longer you can expect to. Many of the established places having waiting lists and they can be multiple years long. Remember some on the waiting list will go elsewhere having paid to go on multiple list and others will have passed or are just not ready/

The Triangle for NOW is a booming market for providing living spaces for seniors with resources of their own and not dependent on government. That is where the increase in bed space is occurring. There is a third Del Webb active 55 community about to be opened in Wake Forest and that is a lot for one area this size.

Raleigh is a booming retirement destination and I would suggest sorting out your place in it now. Especially with regard to health care. There are some large looming clouds and questions out there. I remember your handle from previous threads.
Thanks for the info! LOL, I have moved to Bradenton, FL since registering on City Data, although 2 of my 3 children are still in the RDU area. So I always have a side eye on what is happening in that region in case we ever relocate back. In fact I did some preliminary internet research a couple months ago for some family members on assisted living and community care options in the Triangle, so got an introduction to te broad range of costs and care.

But I love, and I mean love, my new home town on the gulf coast in Florida. The weather alone is much better for me from a health perspective. I can deal with the summer heat with air conditioning and fans to move the air. But I can't function in temps below 50 degrees.
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