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CountAllVotes

(21,095 posts)
4. It was available to me 20+ years ago
Sun Sep 24, 2023, 12:58 PM
Sep 2023

I didn't take it as it cost a lot of money for the good plan.

Its a good thing I didn't do it as they went bankrupt.

There is now a class action lawsuit going and the people that paid into this pricey plan are out thousands and thousands of dollars with no recourse it seems.

That said, I'm glad I didn't opt to enroll as I'd be SOL right now.

Buyer beware!



Recommendations

0 members have recommended this reply (displayed in chronological order):

Depends on your age... LakeVermilion Sep 2023 #1
I thought that might be the answer wryter2000 Sep 2023 #2
Do a Google search for it and add 'pitfalls/problems' or some such word. keithbvadu2 Sep 2023 #3
I would not have expected severe changes over time wryter2000 Sep 2023 #5
It was available to me 20+ years ago CountAllVotes Sep 2023 #4
Wow wryter2000 Sep 2023 #6
It was well known CountAllVotes Sep 2023 #7
Exactly why I haven't bought it ... Auggie Sep 2023 #10
The big long term care insurance premium increases are mostly due... El Supremo Sep 2023 #8
Thanks wryter2000 Sep 2023 #9
My husband says mine is about $3k per year and his is a bit less. He says it's going up! Karadeniz Sep 2023 #11
In 2022, when I was 64, PoindexterOglethorpe Sep 2023 #12
Wow wryter2000 Sep 2023 #13
The policies on offer change over time. PoindexterOglethorpe Sep 2023 #14
Latest Discussions»Retired Forums»Baby Boomers»Does anyone know about lo...»Reply #4