zlacker

>>wallfl+(OP)
> they each paid about $14,000 in annual premiums for 10 years, and the daily benefit started at $200 per day.

Insurance companies have to make money, but that's not that good of a deal, and the payout isn't that high ($73k annually) considering you won't be doing much else.

>>dehrma+vy
Consider also that by the time you need a nursing home or some other form of continual skilled care you are probably going to die within that year.

"Long-Term" is sort of a scare tactic that is used to get you imagining that you're going to be needing expensive skilled care for years. That can happen, but isn't normal.

>>SoftTa+YE
Given that my only experience with such homes is indeed long-term, I'd be curious to see actual statistics on this

>>squigz+OV
The studies I’ve seen that say months or a small number of years specially look at older adult admissions, so may exclude a lot of dementia patients.

US study:

> The mean age of decedents was 83.3 (SD 9.0) and the majority were female (59.12%), and White (81.5%). Median and mean length of stay prior to death were 5 months (IQR 1-20) and 13.7 months (SD 18.4), respectively. Fifty-three percent died within 6 months of placement. Large differences in median length of stay were observed by gender (men, 3 months vs. women, 8 months) and net worth (highest quartile, 3 months vs. lowest quartile, 9 months) (all p<.001). These differences persisted after adjustment for age, sex, marital status, net worth, geographic region, and diagnosed chronic conditions (cancer, hypertension, diabetes, lung disease, heart disease, and stroke).

https://pmc.ncbi.nlm.nih.gov/articles/PMC2945440/

Danish Study:

> The median survival after nursing home admission was 25.8 months, with the 3-year survival being 37%.

https://academic.oup.com/ageing/article/49/1/67/5639744

Tbh, there’s a lot of data on this because it’s easy to measure.