Category Archives: Long Term Care Planning
Protecting Your Assets From The Cost Of Long-Term Care
Long-term care is very expensive for those who need it. In Florida, the average cost of care is between $90,000 and $100,000 every year. With figures like that, it is easy to see why so many people have to invest the savings they worked their entire life for just to pay for their care…. Read More »
Common Reasons Medicaid Applications Are Delayed Or Denied
While Medicare will not pay for nursing home care or other long-term care facilities, Medicaid does provide benefits for certain individuals. As such, it is a great option for those who qualify and are trying to plan for long-term care. Qualifying for Medicaid is usually more challenging than many people realize. Below, our St…. Read More »
What Are Your Long-Term Care Planning Options?
Over the last few decades, the average American’s lifespan has increased dramatically. While this is clearly a good thing, it has also brought a whole new host of issues, including a wider variety of long-term care options for the elderly. The majority of senior citizens will need long-term care at some point. In fact,… Read More »
Tips for Estate Planning When You Or a Loved One Has a Chronic Illness
If you or a loved one has suffered from a chronic illness, you know how physically, emotionally, and financially draining life can become. Whether you are taking care of yourself or caring for a loved one, managing a chronic illness takes a lot of energy and time. Those with chronic diseases must manage visiting… Read More »
Most Americans Do Not Have Adequate Retirement Savings
With our busy day to day lives, it’s easy for Americans to not think about long-term care planning in Florida. It’s human nature to believe that things will go on as they usually do. A recent study showed that 75% of Americans don’t have long-term care insurance. Over half of those without long-term health… Read More »
Using a Medicaid Trust As Asset Protection From Nursing Homes
If you want to protect your assets from being used to pay for potential nursing home cost in the future, the key is to start planning today. While you could address your long-term care costs with a tax-qualified LTC insurance policy, those can be pricey and don’t match everyone’s needs. However, there is a… Read More »