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Long term care

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charlesr65693
Newbie
‎05-22-2022 12:33 PM

Long term care

I have been paying for a long term care policy at $136 per month for about 15 years.  The policy states that it will pay for approximately 6 weeks (+/-)  Then what happens?  My agent says that Medicaid would then pay for the care.  I am not eligible for Medicaid because my net worth is too high.  Is it worthwhile to continue paying the premuim for my policy?  I am inclined to think that it is not, but I cannot bring myself to do it.  I could certainly use the $136 for other expenses.

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