Any Military retirees using armed forces benefit association long term care insurance (mortgage, income)

[Tiger500]

I would appreciate any feedback.

[oldsoldier1976]

Originally Posted by Tiger500

I would appreciate any feedback.

I looked at that as well as FedLTCi (I was also a federal employee) and decided it was not for us. My wife and I did the assessment of how our health is projected to be, our income, our current needs, and our future needs as well as our current assets. With our income and no mortgage we determined that we could self insure. The plan is that if either one of us needed LTC we would initially take money from emergency funds to start the care and decide if the house which we own outright is right for us in the future should LTC be needed for a very long time. Our income is sufficient enough to cover costs at most facilities after price negotiations (with no insurance you are allowed to make your pitch for costs at the facilities).

I do not know if that helps but I will admit it is coming from a person who has a bias against insurance companies.

[Submariner]

We have both gone through a bunch of medical procedures and Tricare Prime has paid for all of it. I am not convinced that we need anything else.