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People without the insurance and without massive savings have to basically liquidate everything and pay for the LTC until their money runs out, then the govt. takes over the bill.
If you have decent $$ in the bank and haven't taken an LTC policy out, many older folks start gifting their money out over a period of several years so that by the time they need to go into an LTC facility the govt pays the bills that way their kids/grandkids still have some sort of inheritance...Getting olds suxs....Just went through this with my grandmother a few years ago and currently with my wife's grandmother now (only she'd rather die at home and will not go into a LTC)
Adam
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Adam,
2019 BMW 540i
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