Here’s a link to a great testimonial for long-term care insurance (LTCi) from www.forbes.com. The blog is titled The High Cost of Elder Care. The author describes how the LTCi his parents purchased is allowing his father to access the type and quantity of care he now needs, without wrecking undue havoc with family members lives or finances.
The author is quoting $30/hour for home health care. I cannot find information on where the father lives, but this high hourly cost for care causes me to believe he resides somewhere other than TX. Here in TX, high quality home health care costs about $20/hour. If this family lived here, this same LTCi policy would have preserved even more of the family’s wealth.