Should Long-Term Care Insurance Be Mandatory?

  1. 11783 POINTS
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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    Should long term care insurance be manditory?    Well, I think this is more of a seeking opinion question that will have different answers for different people. Part of the healthcare change coming to us was supposed to be manditory long term care. The long term care portion was dropped as it was finally understood that the money was not there to run the program. Personally, I don't think LTC insurance should be manditory, a person has to see the value in owning it or not.
    Answered on May 29, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Health insurance is protection that everyone can use, if not for treatment, then for preventative purposes. Long term care insurance is not nearly as certain to be needed. Many people pass away suddenly, as in an accident or from an acute illness, with little to no time spent being unable to care for themselves. Therefore, I don't feel that long term care insurance should be mandatory.
    Answered on November 10, 2014
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