What is the name of your state (only U.S. law)? AZ
I am lost and could really use some sound advice. I have recently become pretty ill - still able to work; but unknown for how long. I am currently undergoing tests for Lupus (which I am 99.9% certain this is what I have) otherwise it could be MS.
Anyway, I am a single male; support myself and I really have no family. My parents passed away several years ago. I have a brother and Niece and Nephew who live 2,000 miles from me but that is all the family I have.
I am concerned that I will lose the ability to work and therefore lose my health insurance. I know I can opt for COBRA, but without income, I will not be able to afford it. I do not have money to provide for my health care or long term care. If I go on disability how much compensation would I typically get? Do they then provide health insurance for me? What about long term care?
I am currently trying to get a long term care policy but they are very expensive. How much would I need? I've looked into $300/day. Very costly. I expect to get a diagnosis from my Dr. in a couple of weeks. I am 44 years old. Will this make me ineligible for long term care insurance if I get a diagnosis before I get the policy in effect?
I only have $100k in life insurance. I would like to be able to pay my bills and leave a little for my niece and nephew. I've thought about increasing my life insurance in lieu of the long term care insurance. This would help pay my bills and hopefully leave a little for them. Again, i don't know how long that will take and if I get the diagnosis first, will that make me ineligible?
Thanks for any advice.
I am lost and could really use some sound advice. I have recently become pretty ill - still able to work; but unknown for how long. I am currently undergoing tests for Lupus (which I am 99.9% certain this is what I have) otherwise it could be MS.
Anyway, I am a single male; support myself and I really have no family. My parents passed away several years ago. I have a brother and Niece and Nephew who live 2,000 miles from me but that is all the family I have.
I am concerned that I will lose the ability to work and therefore lose my health insurance. I know I can opt for COBRA, but without income, I will not be able to afford it. I do not have money to provide for my health care or long term care. If I go on disability how much compensation would I typically get? Do they then provide health insurance for me? What about long term care?
I am currently trying to get a long term care policy but they are very expensive. How much would I need? I've looked into $300/day. Very costly. I expect to get a diagnosis from my Dr. in a couple of weeks. I am 44 years old. Will this make me ineligible for long term care insurance if I get a diagnosis before I get the policy in effect?
I only have $100k in life insurance. I would like to be able to pay my bills and leave a little for my niece and nephew. I've thought about increasing my life insurance in lieu of the long term care insurance. This would help pay my bills and hopefully leave a little for them. Again, i don't know how long that will take and if I get the diagnosis first, will that make me ineligible?
Thanks for any advice.