Though the aging population continues to get larger, there is more need for long-term care. However, since most elderly Americans do not have long-term care insurance or have the assets to be self-insured, many people are dependent upon Medicaid, as Medicare’s coverage is much more limited when it comes to longer-term costs. The government helps to pay for the co...
For many people, Medicaid may carry a certain stigma. They often believe that it is only for those who are poor and that they would not qualify. However, what they do not know is that Medicaid is not just for “poor people” an...
There are many Long-Term Care Medicaid Rules i...
The largest asset most people have is their family home. If a senior is in a situation where his or her long-term care insurance is exhausted and the other assets are used to pay for care, how does one protect the home from being taken?
Long-term care insurance is important; however, it’s also critical to review and revise your financial and estate plans regularly as your situation ch...