Medicare Still Hasn’t Been Saved

Medicare Still Hasn’t Been Saved

May 24

The attack on Medicare continues in Congress. If you want the protection that those over 65 have today in the future, when Social Security and Medicaid have been decimated, then the time to fight and bombard your Congress person is now. The solution is really quite simple. In fact it is even simpler than I posted in my earlier blog, Saving Medicare. Simply charge every man, woman and child $10...

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...

LTCi Part 3:It’s Too Expensive!

LTCi Part 3:It’s Too Expensive!

Apr 24

This is the third 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.When people are thinking about purchasing long-term care insurance, the first reason for not buying is “it’s too expensive.”  The real issue is not that it’s too expensive but too expensive as compared to what? ...

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...

LTCI Part 2: The Pool of Money Concept

LTCI Part 2: The Pool of Money Concept

Apr 01

This is the second 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. Traditionally, when people purchase long-term care insurance, they choose to buy a set dollar amount per day for a period of time. So, if the cost of chronic care in your neighborhood is roughly $7,500/month today, you...

Taking Care of Mom

Taking Care of Mom

Mar 31

Shirley and Paul are paying for Shirley’s mother’s care in a nursing home. While they love her very much, it is costing them a fortune, over $10,000 per month in addition to their own cost of living.  Their assets are draining down and they are worried about their own future and how they will someday finance their own care. They are going broke. Mom has Alzheimer’s disease, but she is in...