Morning, Toni,
Recently, you wrote a Medicare column about various life policies available after 65, and I have a retirement insurance question.
In June, I’m retiring when I turn 70 and my wife, Anna, will be 68. Our retirement insurance issue is that recently we applied for a long-term care plan and were both denied due to our health issues. I had my prostate removed due to cancer about five years with no current issues and Anna has AFib that is under control. The agent writing the long-term care plan said that those past 60 years old find it difficult being accepted by an LTC plan due to health issues like we have.
My brothers and I are paying an Alzheimer’s assisted living facility more than $12,000 a month for our father’s care. Are there long-term care options available for Anna and me with our health issues? Paying $12,000 a month will drain our retirement.
Thanks,