[jodi]

So no one here is going to have a trust made up? You will instead liquidate your assets to pay for all of your nursing home expenses out-of-pocket, until you run out and can get Medicad to pick up the tab?

Good point, disneysteve. Like I said, I'm no expert and certainly (admittedly) not thinking much about it at age 28, but I hadn't even thought of long-term care insurance.

Just playing devil's advocate here...is it okay then to spend all of your money on vacations, whatever, knowing full well that you may need that money for nursing home care later on (i.e. degenerative disease)? Is it your responsibility to save all the money you can for medical needs to avoid having to use government assistance?