I thank the Motley Fool. Again, they have demonstrated that they have keen insight into the cost and odds of needing long-term care. They go above and beyond most other finance advisors by urging their readers to prepare responsibly for possibly needing expensive long-term care.

In their January 18, 2014 column they (almost stridently) report that The Affordable Care Act (AKA Obamacare) does not pay for long-term care.  They offer a two-minute video warning the public about the risk of needing expensive long-term care and not being prepared, especially later in life.

Dan Caplinger (featured in the video) is correct; long-term care insurance (LTCi)  has become more expensive and the LTCi marketplace has contracted over these past few years. But reasonably priced LTCi policies are still available, the key to finding such policies is to not put off buying one.

People often complain to me that LTCi is expensive. It’s not. What’s expensive (financially, emotionally, physically)  is needing long-term care for anything but a short period of time and not owning LTCi.

If long-term care is needed, LTCi policy holders normally collect back every dollar of premium they spent over the years in six months or less.

For other blogs I’ve done on the pervasiveness and irrational state of denial when it comes to reasonable, responsible long-term care planning, click here: /?s=denial