There may come a day when you need assisted care. It is not comfortable to think about, but it is one of the most important aspects of preparing your estate. Long-term care in the United States is almost unfathomably expensive.…
Long-Term Care Costs Continuing to Rise The demand for long-term care services is rising due to an aging population and a shortage of health care professionals. The costs of long-term care have been escalating, including in-home care, assisted living care,…
Low-income families and individuals can obtain health insurance through the US Medicaid program. However, because of the steep costs associated with long-term care, Medicaid planning is a growing trend for individuals with higher net worth as an alternative to spending…
Planning for long-term care is imperative because nearly everyone will require it at some point in time. While we cannot predict the timing or level of care, we can take steps to prepare for an unexpected medical and financial crisis…
Those who believe they cannot meet Medicaid's strict income and asset limits for long-term care benefits might want to think again. If you currently demonstrate the need for nursing home facility services, you may meet health eligibility rules for a…
You may want to think again if you believed Medicaid planning meant only meeting strict income and asset limits to qualify for long-term care. You will also need to demonstrate you need the level of care typically provided in a…
Medicaid benefits may be negatively affected if a person decides to give gifts. This can be sad if that person gets joy out of generosity. But gifts in that situation can turn out to be very, very expensive. Medicaid is…