Estate Planning Is More Than Planning for Your Death

Medicaid Planning

Previously, I explained how an estate plan should address what happens to you (and your things) if you become incapacitated to the point you cannot care for yourself.  Incapacity can occur over time from diseases such as dementia.  Or it can happen suddenly with a...

When the Need for Long Term Care Arises in an Instant

Long Term Care Planning, Medicaid Planning

The need for long term care can last for years. This is true even for residents of nursing homes, the most expensive level of long-term care. According to one study, most nursing home patients will be there for at least a year. In fact, almost 25% will remain patients...

Is Long Term Care Insurance the Best Answer for Me?

Long Term Care Planning, Medicaid Planning

How do you pay for long term care needs? Seventy percent (70%) of seniors will need some form of long term care. Yet Medicare and your health insurance policy will not pay for those costs. Many assume they must pay for long term care (LTC) out of their own funds or...

 How Can I Pay for Long Term Care?

Long Term Care Planning

The statistics are intimidating. Seventy percent (70%) of seniors will need some form of long-term care. Neither Medicare nor the typical health insurance policy provides coverage for this need. Yet the costs can reach, or even exceed, ten thousand dollars a month. So...

Is it Medicare or Medicaid?

Medicaid Planning

Last column I explained the options to pay for long term care are limited. Adding to the problem is a significant amount of incorrect information about what those options are. For example, many seniors erroneously believe Medicare will pay long term care costs. This...