The majority of seniors lack a plan to pay for long-term care, leading to concerns about running out of money for health expenses. Medically underwritten single-premium immediate annuities offer a solution.
As a caregiver, there are options available to help you pay for your role in caring for your mom
or dad, with the most common source of payment being Medicaid.
In the later stages of life, it’s important to consider alternatives to nursing homes to find more affordable, comfortable living arrangements for you or your loved ones.
Long-term care Medicaid is the largest payer of long-term care, and it is used as a payment source for long-term care in a facility or at home.
Medicare and long term care 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.
There may come a time where one spouse needs to file for Medicaid long-term care, but the other spouse does not. In cases like these, it is crucial to understand the financial rules and limitations this situation presents.
150 N. Radnor Chester Rd.
Suite F 200-875
Radnor, Pennsylvania 19087
800-688-8064
lynn@seniorresourceplanning.com
800-688-8064
973-898-5959
**DISCLAIMER – Not All Services Available in All States.
**Senior Resource Planning is not a law firm. The company does not offer legal representation, legal advice, legal opinions, recommendations, referrals, counseling, or any activity which would constitute the unauthorized practice of law
