Home /
If you or a loved one needs long-term care coverage, Medicaid is one possible way to pay for that care. However, there are two parts to qualifying for Medicaid coverage. First, you must meet certain financial requirements that establish how much income and assets...
Media coverage about the high cost of long-term care has prompted many people to think about how they would pay for care if they or a loved one needed it. Unfortunately, most individuals wait too long to plan and while some last-minute planning can be done, waiting...
A common misconception is that you don’t have to think about long-term care issues until you’re in your retirement years. However, starting Medicaid planning in your 30s offers significant benefits and no downside. The same tactics that protect assets for long-term...
As you age, it is important to think about issues like long-term care. Most people end up needing at least some care in their lifetime, but it is costly and you can deplete your savings quickly. If you want to protect some of your assets, Medicaid planning may be...
Long-term care is expensive and a substantial burden on many families. As a result, it is good to start thinking about how you will pay for care well before you need it. Nursing homes can easily run $100,000+ per year and hiring home care aides can be even more...
One option for paying for long-term care (LTC) is to purchase an insurance policy that covers those costs. Typically, traditional health insurance policies and Medicare provide very limited coverage. As a result, unless you can qualify for Medicaid, you must buy...