<p>If you live in a partnership state, you can google that, you shouldn’t have to spend down your retirement accounts if you have a good LTC policy. The whole point is for these polices to pay for your care vs medicaid. What does happen is people buy a year or two worth of coverage, they don’t pay out much and they still end up having to improvish themselves and move into a nursing home. It’s worth a few extra dollars a month to get a policy that pays for at least 5 years or even like ours with an unlimited benefit. I would MUCH rather our insurance company paid our bills than our kids.</p>
<p>lia - call your insurance company and ask to speak to somebody in billing. if they have a non payment specialist, that is even better. My company gives various exceptions - but you have to meet certain criteria - if you had a personal emergency or whatever that would more then likely qualify. Tell them you’re willing to pay them by phone and see what they say. You may also want to see if you can set it up for an EFT from your bank so it doesn’t happen again… or even set up notifications to notify a family member in the event that you are past due.</p>