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A comment on Florida becomes first state to enact DNA privacy law, blocking insurers. Parent comment

Re:Florida becomes first state to enact DNA privacy law, blo... by maxerickson on Sunday July 05, 2020 @05:48PM (#23742360)
US long term care insurance is asset protection. The payer of last resort for things like nursing home care is Medicaid. If you don't have any assets, it starts paying right away. If you have assets, those go first, then Medicaid kicks in.

So long term care insurance is for people that want to preserve their assets and/or receive care beyond what Medicaid will fund.

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Re:Florida becomes first state to enact DNA privacy law, blo... by Spooky23 on Sunday July 05, 2020 @06:34PM (#23742694)
Long term care insurance is mostly a harebrained financial innovation that doesn’t work financially.
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Re:Florida becomes first state to enact DNA privacy law, blo... by maxerickson on Sunday July 05, 2020 @06:57PM (#23742856)
Fair enough.
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