LTCi Part 5: Partnership for Long-Term Care Insurance

LTCi Part 5: Partnership for Long-Term Care Insurance

May 20

This is the fifth in a series of blogs on the topic of Long Term Care Insurance. I have broken them down into smaller segments since this is such an important and extensive topic Many states have enacted a form of insurance called the Partnership for Long-term Care Insurance.  For years, this was the best-kept secret in the insurance industry.  Now, over 30 states have it and hopefully your...

Hiding Assets

Hiding Assets

May 16

When people are desperate they make desperate mistakes; mistakes that could cost them thousands or hundreds of thousands of dollars. Hiding assets or income from Medicaid is such a huge mistake. This mistake has been excerpted from my forthcoming book Naked in the Nursing Home. In the last blog on Medicaid mistakes we looked at the ever popular mistake of getting bad advice. Today we will look at...

A Medicaid Mistake to Avoid

A Medicaid Mistake to Avoid

May 09

Remember when Mom said, “don’t do that!”?  When it comes to Medicaid and long-term care there are definitely some, “don’t do that’s!” that are worth listening to. Today’s mistake is excerpted from my forthcoming book Naked in the Nursing Home. We are going to look at the ever popular mistake of taking bad advice. Would you call the IRS for the best strategy to reduce your...

Saving Medicaid

Saving Medicaid

May 04

Medicaid can be saved rather than massacred as some in Congress would have it. The solution is quite simple. In Germany, long-term care insurance is mandatory. Why not just require everyone in the US to contribute, say 1% of annual income, to a long-term care program?  It could be private or federally run. The Republicans want to push health care to private companies, so this could work. It...

Why Women

Why Women

Apr 24

I wrote the forthcoming book Naked in the Nursing Home: the Women’s Guide to Paying for Long-Term without Going Broke because I believe women are faced with a double edged sword in our society. It is no secret that women generally live longer than men. This means that women have a greater chance of facing the nightmare of caregiving than men and also have a greater chance of landing in a...