Clark is 49 years old and he will consider buying long term care insurance in the next 8 to 10 years. LTC insurance is something about 80 percent of people should have. But many people mistakenly think Medicare pays for the insurance. That is not the case. Medicare pays for a short stay in a hospital. Medicaid confuses the subject even more because Medicaid can pay for nursing care help, but it's only for the indigent. So, if you're not poor, but your not ultra rich either, long term care insurance is for you. The trouble is that there are many rogue companies out there that will take your money but provide no care for your loved ones. Insurance companies pay for your long term care, and long term care coverage pays for care in nursing home or home health care if you need it there. So far, Clark has found only eight companies that are financially sound and worth your while to consider. You can find them here on Clark's site. Your parents may need your help with this topic, so be sure you do your research early. At 60, it will cost you $3,000 a year. But the older you are when you buy it, the more expensive it is.