Bob Brinker Free Discussion Site 59,820+: Re: Re: Re:Old Age Insurance

» permabear - Re: Re: Re:Old Age Insurance

In response to Re: Re:Old Age Insurance posted by iamacamera:

"Avoiding paying for your own care is big business."

I can't defend the multi-millionaire who protects every last cent of their assets to avoid paying their fair share. But when it comes to the average Joe, the other side of the coin is that when couples do not do any financial planning and use the system, one spouse can be sent to the poor house as all the assets are utilized to pay for the longterm care needs of the other spouse. I'm not as critical of using the system to ones benefit because I feel that the system should be providing longterm care for all U.S. citizens. The inequities we see in this country are not seen around the world where they have universal health care coverage. This is the solution, not forcing people into poverty to pay for their healthcare needs in their declining years. And no, even with all this said, I still wouldn't advocate a longterm care insurance plan because I do feel they are ripoffs and often don't cover near what they say they do when the time comes to pay up.

-- posted by permabear