Long-term care planning should be part of most comprehensive estate plans because we all stand a good chance of needing long-term care (LTC) at some point. The reason LTC planning is essential is the high cost of that care and the need to have a plan in place to pay for that care. The Medicaid lawyers at Nash Bean Ford & Brown, LLP help you understand whether purchasing a long-term care insurance policy is the right option for you. Why Is Long-Term Care Planning Important? Long-term care … [Read more...] about Should I Purchase a Long-Term Care Insurance Policy?
Long Term Care
Although we enjoy a much longer average life expectancy in the United States than our ancestors did just a century ago, the natural aging process will catch up with all of us eventually. With that in mind, why not get started on your long-term care planning this October during Long-Term Care Planning Month? Each year, the month of October is designated as Long-Term Care Planning Month in the United States, providing the perfect opportunity to ensure that both you and your assets are protected … [Read more...] about Are You Planning for Long-Term Care? LTC Planning Month Is a Good Time to Get Started
The idea of moving a parent, or other elderly loved one, into a nursing home is usually not a welcome thought. In fact, most of us prolong even thinking about the need for long-term care (LTC) until long after the need actually exists. Fortunately though, as the elderly population in the United States has exploded in recent years, the healthcare industry has also evolved to meet their needs. Consequently, there are now a number of potential alternatives to LTC that may prolong, if not completely … [Read more...] about -Alternatives to Long-Term Care
One addition to your estate plan that you may not have considered making is long-term care planning. As you age though, the odds of spending time in a long-term care facility dramatically increase. The cost of that care can wipe out a lifetime of working, saving, and investing if you failed to plan ahead. The good news is that by incorporating long-term care planning into your overall estate plan you can protect yourself and your assets. Topics covered in this report include: Facts and … [Read more...] about Free Report: Long Term Care Planning – Why It Should Be Part of Your Estate Plan
The average American is said to be “insurance poor” because we tend to insure just about everything. You likely have an auto insurance policy and possibly health, homeowner’s, and life insurance. At some point you may consider adding long-term care insurance to your insurance portfolio. Purchasing long-term care insurance is an excellent idea, if you can afford it and if you have a firm understanding of what you are purchasing. Many of the terms relating to long-term care insurance are unique to … [Read more...] about Long-Term Care Insurance Terms Defined
Throughout the course of your life you will likely purchased numerous different type of insurance – automobile, home, life, and health are among the most common. At some point you may start to consider whether or not you need long-term care insurance. Ultimately, only you can decide if the potential benefits of long-term care insurance are worth the cost; however, when considering your options it helps to have a better understanding of why you might need it as well as what the alternatives are … [Read more...] about Do You Need Long-Term Care Insurance?
When you sit down to create your estate plan your primary objective will likely be to ensure that your estate assets are handled according to your wishes when you die. Topics covered in this whitepaper include: Facts and Figures Paying for Long - Term Care Medicaid Eligibility Medicaid Planning Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Long Term Care Planning in Illinois: Why It Should Be Part of Your Estate Plan
Long Term Care Planning in Quad Cities from Robert Nash Long-term care insurance is expensive – averaging $2,000 a year for someone 52-60 years old in Illinois. Medicaid does cover long-term care expenses. Learn more about Long Term Care Planning in Quad Cities in this presentation. … [Read more...] about Long Term Care Planning in Quad Cities
A comprehensive estate plan should accomplish much more than simply providing a roadmap for the distribution of your estate assets when you die. Topics covered in this report include: Your Golden Years by the Numbers Long-Term Care Costs Qualifying for Medicaid Medicaid Planning Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Medicaid Planning in Illinois
Americans are living longer than they did even a few decades ago. While this is certainly good news, it comes at a financial cost. Living longer often means the need for long-term care which can be very costly. For many people, the only way to afford long-term care is to qualify for Medicaid assistance. If Medicaid helps cover the costs of long-term care for you, or a loved one, make sure that you understand how the Medicaid recovery system works or you risk losing valuable estate assets down … [Read more...] about Medicaid Recovery – Will Adding Your Son or Daughter’s Name to a Title Prevent It?