LTC Insurance is not appropriate for everybody. Experts recommend that you should only consider LTC Insurance if your assets, excluding your home and car (if you are married), are more than $50,000 and if your annual income is more than $25,000. If your assets and income are less than that you are probably eligible (or close to being eligible) for Medicaid. However, keep in mind that in most states Medicaid will not pay for home care. That is why even though some people are eligible for Medicaid they still purchase LTC Insurance. Many times children will pitch in and pay the premiums for mom and dad to ensure that they will get quality care and not have to rely on Medicaid.

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