Ask The Experts: Money Matters

By Mike Miles

Long-term care

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Q: I plan to retire in early 2010 and I am thinking about getting long-term care before leaving. With the government plan going up significantly, do you advice looking at private plan? I understand, John Hancock offers both.

A: I always recommend that you compare your employer’s benefits to the retail or other options you may have available. When it comes to long-term care insurance, there are potential advantages of an individual policy over the FLTCIP, depending upon your circumstances.

— Mike Miles

Comments

  1. Issac Maez Says:
    November 28th, 2009 at 3:55 pm

    Long term care insurance is a wise option for anyone with assets to protect from a $75,000 per year unexpected nursing home visit.

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