This is a table that shows the minimum assets and income each state allows nursing-home residents and their spouses to keep.
Tag: caregiving
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.
Jan 10
Calling All Single Women Without Long-Term Care Insurance (and their single friends)
If you are a woman who wants to keep your independence as you age, this article is for you.
Oct 02
Why Would Anyone Buy a Long-Term Care Insurance Policy Without Home Care Benefits?
Why in the world would anyone want to buy long-term care insurance without home care? There are other really good reasons besides the significant premium savings.
Aug 08
Phyllis Shelton on Live Radio Show 3-4 pm CST Sunday, Aug. 9
Phyllis Shelton is honored to appear on Peter Rosenberger’s live radio show on Sunday, August 9th from 3-4 p.m. CST to discuss how long-term care insurance can be a lifeline for caregivers.