[RC2]

Any time the government collects money, years ahead of any benefits being payed out, be careful. The money won’t be there when needed.....they will spend it on other things. Look at Social Security. It’s all phony.

[Buckeye McFrog]

behold the latest Federal Ponzi Scheme

[CharlesWayneCT]

So you pay premiums now, but in order to keep you from buying the insurance and immediately using it, they make you wait 5 years before you get the benefit.

Sounds like they are protecting themselves against pre-existing conditions.

Which is a smart thing, but supposedly is exactly what they were FIXING about insurance — that it wouldn’t cover you for things you already knew you needed.

[ridesthemiles]

The entire bill is front-loaded in payment of premiums and back-loaced in benefits and payouts for services.

Try telling that to your neighbors- I have, and I get blank stares.

Wonmder where the lady is that Hannity kept playing her happy comments about NObama now going to pay her car payment-rent-gas for car, etc? If she has been waiting for those checks to arrive, she must be starving by now.

[The Great RJ]

With the death panels and rationing of Obamacare there won't be much need for long term care in the traditional sense. Perhaps long term care under Obamacare will be administered at euthanasia centers.

[proudpapa]

This Ponzi scheme provides $50 worth of daily benefits and there is no inflation protection.

I wonder how much $50 will buy in the year 2030? Maybe an hour of in Home Care. Maybe less.

FRiends, I happen to be a LTC specialist. If any of you have questions about LTC insurance or need assistance finding an honest, reputable INDEPENDANT specialist an your area...just let me know.

Thanks, Proudpapa