Long term care insurance?

My parents are nearly 68 and not in great health. They are both overweight (my mother is morbidly obese) and are under lots of stress. They had money, but lost lots in the bond market. They've bought and sold 7 homes in the 8 years they've retired and are obviously miserable and just keep moving for something to do.

Now they are leaving their family again (heartbreaking again) and I feel they are both at a high risk for needing care not too far down the road. My mom can't walk due to arthritis, they both have high BP, borderline diabetic, my dad had TIA attacks (like mini strokes). I think they're overall unhappiness is their biggest health risk. My mom also drinks. (no Rockwell painting here).

Could they get LT care insurance and how much would it be? These people have broken my heart a million times, are selfish, don't do anything with their wonderful grandkids and are huge pains in the a ss, but I love them and worry about them. My gram died in a state home-very bad.

I would assume that they would not be eligible for Long Term Care insurance (not sure where tou are located though). Long term care insurance is there for when when you can no longer do the activities of daily living or mental deterioration. Strokes cause mental deterioration and arthritis limits movement, so I would assume that might be cause for a declie of coverage.

That being said every company underwrites insurance different and has slightly different coverage, so the best bet would be to contact a liscensed insurance agent where you live and run that scenario past them.

Medicare.gov - Long-Term Care
This section of Medicare.gov provides a summary of what long-term care means and role of Medicare and Medicaid in long-term care.
www.medicare.gov/LongTermCare/Static/H... - 34k - Cached

At their age and with their health, that ship sailed and sank. They're probably going to end up going bankrupt and in a state-run nursing home on Medicaid like millions of others.
The time to buy ALL insurance is when you do NOT need it--not when it's clear you're going to use the heck out of it.
Sorry this is happening and bless you for caring, but they clearly made their own poor choices and it's sad that those who care will hurt worse than they will.