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
“That can happen but isn’t normal” is exactly the kind of thing that insurance should be for. Unfortunately, US health insurance is more oriented towards covering everything rather than spreading out the risk of rare high-cost events.

>>wat100+6o1
My person pet peeve for insurance is dental insurance. Here's what Delta Dental offers for its own employees:

https://www1.deltadentalins.com/content/dam/ddins/en/pdf/car...

If you get the PPO, you have an in-network annual benefit cap of $2,500. So you're paying your insurance company to pay your dentist for you? And as soon as the bill gets large enough that you'd actually need insurance, they tap out?

>>dehrma+Ia3
What's the problem? 2500 is enough to get a cleaning and a couple fillings per year. If dental insurance covered everything you need, now, at no extra cost, people would simply get coverage for a year, get their mouth fixed, and cancel it.