Does a long term care policy basically pay for all of the nursing home expenses and nothing more?
My mother has a wonderful long term care policy that will pay for the rest of her life. Since, she is in a semi-private room in a for profit nursing home, her total monthly cost is not fully covered. What is not covered is paid from her money in the bank and soon from her securities. Given how both the economy and the market is right now, I wonder if I should not find a not for profit nursing home where her insurance would basically cover all of her expenses and where she would be well taken care of?