Tony Novak profile picture
  "AskTony" column archive        


Most Popular

AskTony Archive

This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

New questions

Submit consumer finance questions at and health insurance questions at

Sponsored by: Insurance Exchange - your source of valuable information on state and federal health reform benefits.

Core Health Insurance - America's favorite mini-med insurance  with affordable premiums, freedom to choose providers, optional PPO discounts and guaranteed eligibility regardless of medical conditions.

Please support the Web sites that make publication of AskTony services possible.

Long term care insurance unavailable

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: We are considering buying Long Term Care insurance and I wanted to know your thoughts on which one would be good for us. I have muscular dystrophy. I am 58 years old and otherwise in good health. This is a very slow progressive disease that was diagnosed about 30 years ago. I am currently in and out of needing wheelchair assistance.

A: Long term care insurance is probably not an option to you because of your current health status. You are not be alone in this eligibility difficulty, the long term care insurance industry estimates that by the time people seriously consider buying long term care insurance, less than 60% are eligible for coverage. Basically, you have to enroll while you are healthy before there is any clue that insurance will be needed. Some people with lifelong illnesses (you may be in this category) never meet the eligibility criteria. In your case, other financial planning strategies that do not rely on traditional long term care insurance will be more effective and we should address those alternate options instead.


More resources:

OnlineAdviser service