Medicaid

Long term care can deplete your retirement savings and other assets very quickly. Many people hope to take advantage of Medicare or Medicaid in the event of long term care needs. However, Medicare pays only approximately 12% of all nursing home costs overall, and these are for short-term skilled nursing home stays following hospitalization. Medicare pays for home care only for short-term unstable conditions, not for the longer-term assistance that long term care insurance is designed to cover.

To be eligible for Medicaid, you must meet a range of federal and state
guidelines regarding your assets and income. This may mean that you would
have to spend most of your own money before qualifying for Medicaid at all.
(Requirements vary by state.) Once you are dependent on Medicare or
Medicaid, you will be paid only for approved charges, and will be limited to
their approved facilities for care. Long term care insurance allows you to
control your care and your destiny.

The big mistake we see on a regular basis is people relying on Medicaid to pay for any long term care they may need. There are so many state variations that it is difficult to make any accurate statements about the program, but understand one thing, you may have to spend all of your assets before you can qualify for any Medicaid. You have worked your entire life to accumulate what you have, to be able to give your loved ones something when you pass away, why would you risk all of this in order to receive Medicaid?

By purchasing your own long term care insurance policy ahead of time, you would have the ability to dictate where you can receive care

• Request A Long Term Care Insurance Quote
  When you click on the above link you will be taken to a secure online form where we ask you some personal information. Once you submit this information to us, we will prepare a personal long term care insurance quote for you to review online within the same day.

Looking For a Parent?

If you are looking to purchase long term care insurance for your parents, our agency can help you design an affordable plan that will take into account every discount possible. We can help you design a plan that will make sure your parents receive all of the care they want to have, wherever they want to have it should they need it.