Why No Long-Term Care Insurance Can Deplete Your Finances

By |December 29, 2020|Categories: Uncategorized|Tags: , , , |

Long-term care insurance

Imagining your future needs for long-term care is likely not the most thrilling idea you have ever had.

In fact, most people choose not to think about it all. While we understand your temptation to avoid the subject, we also understand your crucial need to consider the following;

Most people will require long-term care at some point in their lives. 

According to the U.S. Health and Human Services Department  about 60% of those turning 65 can[…]

Newly Introduced House Bill Tightens Medicaid Eligibility for Long Term Care

By |May 2, 2013|Categories: Government, Insurance Industry, Retirement Planning|Tags: , , , |

A bill introduced last week in the U.S. House of Representatives seeks to tighten Medicaid eligibility for Long Term Care by allowing states to decrease the amount of home equity exemption to as low as $50,000.

H.R. 1702, or the “Medicaid Program Integrity Act of 2013”, also includes an attempt to eliminate the Maintenance of Effort rules. The Maintenance of Effort rules, which were established in the Affordable Care Act, have been preventing states from closing loopholes that allow Medicaid fraud in long term care services.

Bill Meant to Minimize Medicaid Abuse and Fraud

Both provisions of the bill are intended to reduce Medicaid[…]