A recent article appeared on MSNBC.com that I felt everyone needs to be aware of. Its an important topic and unfortunately only about 10% of the population is covered.
the link is http://www.msnbc.msn.com/id/40767145/ns/health-aging
The financial risk for surviving spouse and children is devastating! Many states have the legal right to go after children to recoup the cost of a parents long term care expenses under Medicaid. Almost half the states offer you a way to protect against this recapture provision in state law. Even if you don’t believe in Ltc insurance perhaps you should take care of it for your kids sake.
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