This is a table that shows the minimum assets and income each state allows nursing-home residents and their spouses to keep.
Tag: long term care
Feb 01
The Partnership for Long-Term Care
The idea of the Long-Term Care Partnership is to provide a way for the Medicaid program to work together with private long-term care insurance to help those people who are caught in the middle: they can’t afford to pay the cost of the care or even the cost of a long-term care insurance policy with unlimited benefits, yet their assets are too high to qualify for Medicaid to pay their long-term care expenses. Many middle-income workers and retirees find themselves in this position.
Participating insurance companies in the Partnership recognize the needs of these middle-income Americans by providing LTC insurance policies that have built-in consumer protection benefit standards, and participating states cooperate by allowing these policyholders to access Medicaid without spending down their assets almost to poverty level if the insurance benefits run out.
Aug 27
Outside-of-the-Box Thinking About Long-Term Care Planning–One Size Does Not Fit All
As a shoe aficionado, I have observed that long-term care planning is quickly starting to resemble my closet of 100 pairs of shoes.
Jun 20
Phyllis Shelton LTCi Update
Phyllis Shelton discusses the latest on planning for long-term care with Tim Takacs and Barbara McGinnis on the Takacs-McGinnis Elder Law Hour
Mar 11
Denial is Not a River in Egypt
People have a 50 percent chance of needing LTC at some point in life, and about 30 percent of people who do may need care for five years or more, according to a new study by LifePlans, Inc. Being in denial about this could be the worst thing you ever do to the people who love you.
Oct 24
What Does Long-Term Care Cost?
Planning for long-term care is best done with information gathering to make an informed decision. The “deer in headlights” approach doesn’t work.
Jun 26
Operation TRIPLE Starfish – LTC, FIAs and GOLD?
Today’s turbulent economy is forcing Americans who value their independence over anything else to find new ways to remain financially secure into old age. Long-term care insurance can play a huge role in that picture, but there are two other things you can do of which you may not be aware.
Jun 22
Operation Starfish – Are You That One? Women, Please Act NOW!
Are you that one? Do you have children or other loved ones who will suffer if you don’t plan for long-term care? Book a time TODAY as time is almost out to get a policy that doesn’t charge women more.
Dec 16
Parents and Children: Have “The Talk” This Christmas
Give your children the meaningful present of planning for long-term care so they don’t have to handle it for you.
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Phyllis Recommends
