Does Suze Orman Recommend Long Term Care Insurance? 
Yes , Suze Orman recommends long-term care insurance . In fact , she is the primary caregiver for her mother who lives with her in Florida . In an article written forSun Times Media , LLC , dated Sept. 4 , 2012 , she relates how difficult it has been taking care of her mother . Although Suze Orman had - and still has - the means from her business to take care of the costs of long-term care insurance , she reports that she tried and tried to get her mother to sign off on an LTCi application , but she refused to do it . Her mother said she would n't ever need it and that it would be a waste ofmoney . It costs approximately $ 25,000 / month for Suze to keep her mother at home and have the best quality care around the clock . That 's about average for 24/7 home care with skilled nursing . If Suze 's mom were to go into a Nursing Facility , the cost would be much less , but would still be from $ 7,000 - $ 12,000 per month , depending on whether she had a semi-private or private room . Suze indicated that as a young professional financial advisor , she saw `` clients who would spend all the money that they had earned over a lifetime on a long-term care stay . '' She advised that , `` If you can afford LTC insurance and you are in your early 50s or older , now is the time to look into getting it . '' But , she also cautions that if you ca n't , '' ... dont buy it because you will end up dropping it and wasting your money . '' She concludes her article with the irony of her own personal situation with regard to buying long-term care insurance . `` Over the years , I have had some health problems that are fine today . But , when I went to get my own LTC insurance policy two years ago I was denied for recent health reasons . If I had just gone one year earlier , that would not have been the case . '' -LRB- Suze Orman donated her fee for writing the article to Blue Planet Network , which aims to bring sustainable safe drinking water to people in rural communities around the world ; blueplanetnetwork.org . -RRB- 