Long-Term Care Insurance

With nursing home care in some parts of the country costing as much as $10,000 a month, a long-term need for care can deplete even the best-planned estate. ...

Medicaid 101

Although many people are willing to voluntarily care for a parent or loved one without any promise of compensation, entering into a caregiver contract with a family member can have many benefits. ...

Medicaid 101

Most long-term care involves assisting with basic personal needs rather than providing medical care.

Medicaid 101

Often, a married couple will be able to afford coverage for only one spouse. Looking at statistics alone, the wife should purchase the policy. ...

Elderlaw 101

Premiums for "qualified" long-term care insurance policies are tax deductible to the extent that they, along with other unreimbursed medical expenses (including Medicare premiums), exceed a certain percentage of the insured's adjusted gross income. ...

Elderlaw 101

When you buy long-term care insurance years before you need it, you are taking a gamble that the company will still be around when it is time to pay out. But what happens if the company goes out of business?...

Elderlaw 101

While in large part people who purchase long-term care insurance and those who plan to qualify for Medicaid coverage of long-term care costs fall into separate groups, there are at least two situations where they overlap.

Medicaid 101

Determining the best time to buy long-term care insurance can help you manage your finances effectively as you prepare for the future.

Medicaid 101

A number of considerations go into how much long-term care insurance you should buy to cover nursing home costs and related health care expenses. Policy coverage and length of protection will vary affecting the cost.

Medicaid 101