How to Let Medicaid Pay for Your Long Term Care
Posted on July 1st, 2009 by Life Insurance News
‘Medicaid Planning’ has come to mean planning to transfer your assets to loved ones in order to qualify for Medicaid coverage of your long term care (LTC) costs. That’s because annual nursing home costs about $75,000 nationwide and can easily eat through assets and savings. This article explains some key issues involved in arranging to let Medicaid pay for your long term care. Paying for your long term care for just a year or two can deplete your savings or cut into your intended legacy to you
Filed under: Life Insurance News