Helping you and your loved ones decide on how to pay for care now, without losing your life savings.

When there is an immediate care need, there are choices to help you save money.

Preserve Life Savings

Get Quality Care in the Setting of Your Choice

Protect Your Family

Why spend a lifetime of savings
on Long-Term Care

When your loved one needs care NOW, costs build up fast. Don’t let the burden of long-term care expenses deplete your savings. At SRP, we understand the urgency when your loved one needs care now, and we’re here to help you navigate the available options wisely. Why exhaust funds on care without exploring all the possibilities? We will guide you through cost-effective alternatives. Don’t wait until you’ve spent thousands or even hundreds of thousands of dollars – let us empower you with the knowledge of better alternatives.

We Understand

You never saw this coming or you didn’t want to. Your loved one needs long-term care, and now you’re scrambling to secure the right care AND pay for it without going broke.

That’s a ton of pressure. Without knowing all the options available, it can seem overwhelming to navigate those options.

But it doesn’t have to be this way

At Senior Resource Planning, we have spent the last 20 years consulting with hundreds of families about options for long-term care funding, giving our clients the choices that allow them to get the care they need while protecting assets and preserving the physical and emotional health of loved ones.

Caring for a loved one is hard enough. You shouldn’t have
to drain your life’s savings to pay for care.

With the right guide, you CAN get the right care without
going broke or uprooting your life.

Discover peace of mind. Have an Expert on your Side.


Example: Sue, Age 69

Current Assets and Income

Checking/Savings                                                $200,000

Sue’s IRA Account                                               $160,000


Monthly Income                                                  $3,000

Monthly Expenses/Care Cost                            $6,000

Gap (Monthly)                                                    $3,000

Care Funding Gap to Solve for is $3,000 a month

Case Example: Walter Needs Homecare

Walter is 78 and needs home care. His wife, Pam, cannot provide all the care he needs, and she doesn’t want him to go to a nursing home.
Pam inquired about applying for Medicaid to help with costs. She was told she had too many assets and that she would have to spend them down first.

Pam and Walter depend on the income from their investments to live. If they used their assets to pay for the care, they would not be able to maintain enough income to pay for Walter’s care and their regular living expenses. Pam did not know what to do.


  • Walter’s Income from social security is $1,800 a month
  • Pam’s income from social security is $900 a month
  • Assets totaled $200,000



  • Obtain immediate Medicaid eligibility for Walter
  • Have enough income to maintain their lifestyle
  • Preserve their assets

After Planning

  • Walter received immediate Medicaid eligibility for homecare services. His cost of care now being covered by Medicaid.
  • $100,000 went into a Medicaid Compliant Annuity allowing them to keep their assets and the income they needed from their investments.
  • Pam maintained the additional $100,000 liquid for emergencies and other expenses.

If they chose not to move forward with the plan, they would have had to spend $100,000 before qualifying for Medicaid benefits.  They would have spent that amount in less than 19 months and their income without that $100,000 would not have covered their living expenses and Walter’s home care.

Before Planning: Cost




After Planning

Monthly Savings


Assets Preserved


Let Us Take Care of Everything!

Obtain Access to the Best Care and Keep
the Financial Security You Deserve.

Schedule a
discovery call

To share your situation with us. We’re here to listen and guide you to make the best choices that fit your specific needs.

We’ll prepare a comprehensive plan

To help you plan to pay for long-term care with options and strategies that will maximize your

Rest easy you have the right plan secured

 You’ll be guided through the whole process.

Download Our Free Guides

Medicaid Do’s & Don’ts: 5 Critical Mistakes People Make When Applying For Medicaid

3 Strategies You Will Want To Know To Save You Thousands Of Dollars On Long Term Care

Feel at peace knowing you’re making the best, informed financial decisions for yourself or your loved one.

Nobody should lose their life savings to pay for their care.  The right guidance can get you the best care without going broke or uprooting your life or the life of those you love.

Frequently Asked Questions

Medicare and Medicaid are two very different programs that cover different things. Let’s review what each program covers and does not when it comes to nursing home costs.

Medicare consists of two parts Part A and Part B. You can also purchase private Medicare Supplement, Medicare Advantage, and Part D (Prescription Drug) plans that include additional benefits and reduced cost-sharing (copays, coinsurance, deductibles). In most cases, to qualify for Medicare, you must be 65 years old. However, there are some other ways to qualify, including permanent disability.

Medicare Part A (hospital insurance) covers Medicare in-patient care that is care received while in a hospital, skilled nursing facility, and, in certain circumstances, at-home treatment.

Medicare Part B (medical insurance) covers medical services provided by doctors, nurses, and other health care professionals. Part B coverage includes outpatient care, ambulance services, preventive services, and durable medical equipment. It also covers part-time home care and rehabilitative services, including physical therapy.

Medicare does NOT cover long-term nursing home or in-home care.

Like Medicare, Medicaid provides comprehensive in-patient health care coverage, including services and costs associated with nursing facilities and rehabilitation facilities. To qualify for Medicaid, you must meet certain criteria that differ from state to state, and the rules are incredibly complex. They are generally based on having very low income and assets. This is different from Medicare that generally uses age as the primary qualifying criteria.

Medicaid CAN cover long-term nursing home or in-home care provided you meet the criteria for needing long-term care.

Medicaid is the single largest payer of nursing home bills in America. It has become, by default, the long-term care insurance provider for middle-class Americans who can’t afford private Long Term Care insurance. The average cost of a nursing facility is $115,000 per year and rising. If you or a family member needs long-term care, it will not take long for the average family to deplete all of their savings. More than 68% of all nursing care recipients now rely on Medicaid to pay their Long Term Care costs. Working with a professional Medicaid planner is the best way to determine if you or your loved one can qualify for Medicaid and put plans in place to give you the best chance of preserving assets while still qualifying for Medicaid.

Financial Eligibility
The Affordable Care Act established a new methodology for determining eligibility for Medicaid, based on Modified Adjusted Gross Income (MAGI).  Medicaid will review both income and assets to determine eligibility for the program. 

Non-Financial Eligibility
To be eligible for Medicaid, individuals must also meet specific non-financial eligibility criteria. Medicaid beneficiaries generally must be residents of the state in which they are receiving Medicaid. They must be either citizens of the United States or certain qualified non-citizens, such as lawful permanent residents. Some eligibility groups are also limited by age, pregnancy, or parenting status.

The simple answer is yes. However, Medicaid does have strict guidelines around what you can protect and under what circumstances. You may retain assets and still qualify; If the applicant has a spouse, the Medicaid eligibility criteria may differ. A couple may keep assets up to $125,600, and home equity limits are as high as $552,000 (PA), $828,000 (NJ). Some exemptions allow spouses to keep resources and income from the applicant. Making a mistake and overspending resources may result in the spouse who still lives in the community, spending significant money that could otherwise have been funded through Medicaid. This can create a situation where the spouse no longer has adequate resources or income to live. Single applicants have options also. 

It is critical to work with a professional who understands the Medicaid rules to avoid common mistakes that can leave applicants vulnerable to periods of ineligibility and financial hardships.

Although Medicaid has asset limitations, you do NOT have to be poor to qualify. You can utilize Medicaid planning solutions to preserve what you have worked so hard for your entire life.  We work with families that have small and large amounts of assets.

Medicaid Do’s & Don’ts: 5 Critical Mistakes People Make When Applying For Medicaid

3 Strategies You Will Want To Know To Save You Thousands Of Dollars On Long Term Care