There is a choice

There is a choice -
An editorial in my local newspaper, the Minneapolis' StarTribune, "bubbling me. You see, a man was mourning not only the death of his beloved 94-year-old aunt, but also that there was nothing more his very hard earned $ 250,000 in savings to bequeath. He was upset that all her savings went to pay for long term care and when that ran out, she "became a ward of the state."
What he does not mention is that she had a choice.
she made a choice not to use a small part of his savings each Year- $ 3000 to buy long-term care insurance, and I understand his decision not as she had modest gains. However, there was a choice. Instead, $ 250,000 complete her savings went to pay for care. If she had drawn his savings to $ 3,000 per year for long-term care insurance policy, it could have retained much of his savings, got the care she needed in an institution of their choice and the past money to his family as a legacy to his death
And his point about her being a ward of the state. This is the part that really bothered me the most, because the government took care of her aunt. After missing money, the state of Minnesota pays for it. It was not a ward of the state; she was the recipient of the state and its taxpayers. This civilized nation has taken care of her, but asked him to use his resources first. This is called accountability.
People often think that long term care insurance is too expensive. In reality, it is too expensive is to use your savings to pay for care. Your choice may come down to pay several thousand dollars a year for a long-term care policy, or to pay more than $ 87,000 per year from your savings if you were to need care. (This is the national average cost of nursing home care per year.) He is a choice.