My 87 year old mother has been paying LTC premiums for over 20 years;even when Genworth kept raising her rates, she continued paying because she didn't want to be a burden on her three daughters. Now she is in a nursing home and unable to use the LTC benefits. The policy will only pay only about 2/3 of the cost of the nursing home. We hoped that by assigning the benefits directly to the nursing home, it would not be considered income and she would be eligible for Medicaid which would pick up the remaining 1/3 of the cost. The business manager at the nursing home says it doesn't work that way.
Source of insurance-forums.net
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