November 2015
One of the biggest reasons consumers don’t create long term care plans is because they believe the government will pay for it. In reality, Medicare only pays for short-term, skilled nursing home care following hospitalization and state Medicaid programs require recipients to spend down to the poverty level in order to qualify for assistance. Other […]
November 2015
We are extremely thankful for all the sacrifices that our servicemen and women make to protect our freedoms. As such, we want to ensure that they take steps to protect themselves and their loved ones from the devastating impact of a long term care event. Our office is located right next door to one of […]
October 2015
To encourage Americans to take more personal responsibility for covering their long-term care costs, federal lawmakers have helped design state partnership programs. These partnership programs are now available in the majority of states. To receive Medicaid assistance under normal standards, applicants must first spend down all of their assets to $3,000 or less. However, with […]
October 2015
In 1997, the federal government began offering tax incentives to reward people for buying long-term care insurance, including tax-qualified policies. Congress created tax-qualified policies to encourage consumers and insurance companies to embrace long-term care insurance. Under a tax-qualified policy, insurance premiums qualify as itemized deductions on federal tax returns. Additionally, benefits from a qualified policy […]
October 2015
It is a common misconception that Medicare and health insurance will provide long-term care coverage when it becomes a necessity. Individuals also believe that Medicaid will cover all of their long-term care needs. In reality, it is quite the opposite. It surprises many when they learn that Medicare and most health insurance plans do not […]
