Medicaid Planning Part II

IntroductionIn Medicaid Planning Part I we covered:Income Annuity in the Name of the Community SpousePrepaid Funeral Instead of or in Addition to Burial FundsUse of Spend Down ResourcesIntent to Return HomeIf a single person receiving Medicaid care in a facility has a house, that property could...

Medicaid Planning Part I

IntroductionA person facing the prospect of long-term care with moderate income and assets may eventually have to rely on Medicaid to pay part or all of the cost of care.Medicaid planning, using a qualified elder law attorney, allows you to correct inequities in the system. Medicaid planning...

The Problem with Government Long Term Care

Public Misconception Provides a False Sense of SecuritySurveys by organizations that support long term care planning, such as the AARP, consistently reveal that a majority of the American public thinks the government will provide long term care services when the time comes for needing those...

4 Steps of Long Term Care Planning Part II

Step 1-Knowledge & Preparation are the Keys to SuccessThis step requires an understanding of the variety living arrangements and different settings under which care is provided. In addition, understanding the provisions and limitations of government programs is essential because the public...

4 Steps of Long Term Care Planning Part I

The Importance of Planning for EldercareAccording to some sources, 60% of us will need long term care sometime during our lives. It is important for all of us to prepare for that day when we will need to help loved ones with care or we will need long term care for ourselves.We may prepare...
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