I know someone with a policy that pays $100 per day and has no maximum days at ALF. It also allows you to leave the ALF, if for example you improve and can perform your ADLs and return in the future when you worsen again. This is a very nice facility that does not accept Medicaid. I hear this sort of policy is no longer available. The only downside of this policy is it did not allow home care.
Any advice on what to look for in a policy? When is the right time to buy it, assuming you are a healthy baby boomer, who is pre- retiterement.
Look forward to hearing from real life experience on these policies.