Nursing home insurance can help Series: SENIORITY; Q&A CITY Edition

Q I think many people don't absorb some statistics, or they don't understand that they could become one someday. You wrote recently that by the year 2000, 8 million Americans age 65 and older will need nursing home care. I want to tell you that a year ago I bought nursing home insurance. T...

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Bibliographic Details
Published inSt. Petersburg times (Saint Petersburg, Fla. : 1921)
Main Author Collins, Kent
Format Newspaper Article
LanguageEnglish
Published St. Petersburg, Fla Times Publishing Company 26.11.1991
Online AccessGet full text

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Summary:Q I think many people don't absorb some statistics, or they don't understand that they could become one someday. You wrote recently that by the year 2000, 8 million Americans age 65 and older will need nursing home care. I want to tell you that a year ago I bought nursing home insurance. The reason: I have two friends who had parents in a decent nursing home and the cost was approximately $4,300 per month. My nursing home insurance policy costs me $1,460 a year. If I pay for 10 years before I use it, I'm still way ahead of the game. A few features of my policy: