Practice Areas
Blog 
Asset Protection
- "Do I Qualify For Financial Assistance For Nursing Home Care?"
- Free Asset Protection Seminar For Anyone Considering Long Term Care Planning
- Medicaid and Caregiving: Who Are the Ones Taking the Lead?
- Medicaid Compromise in Health Care Bill On the Chopping Block
- Avoid Pitfalls of Medicaid
News
- How To Avoid Wasteful Spending On Health Care...
Posted on 4/29/2010 - Health Care Debate: Long Term Insurance Overhaul...
Posted on 1/5/2010 - Survey uncovers surprising long-term care myths and facts...
Posted on 10/29/2009 - Healthcare reform may offer another option for long-term care planning...
Posted on 10/25/2009 - Will Pennyslvania lawmakers divert Medicaid stimulus money?...
Posted on 7/29/2009
Library
Asset Protection
- 10 Reasons to Consider Long-Term Care Insurance
- Solve Eligibility Problems Using the Personal Care Contract
- What Can Seniors and Their Families To Legally Protect Themselves In These Dire Times?
- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
10 Reasons to Consider Long-Term Care Insurance
We receive many questions from clients, and at our seminars from people interested in Long Term Care Insurance. The provisions and definitions in each policy differ, and this can radically affect the benefits. When evaluating a policy, care must be taken to consider matters such as, where care be given according to the contract (for example, Home Care, Assisted Living, Adult Day Care, Nursing Home), the services covered under the policy, and the triggers for coverage, amongst other things.
We believe there are many benefits to Long-Term Care Insurance, and here are 10 reasons why one would consider Long-Term Care Insurance:
1. Cost of homecare and nursing home care is escalating and shows no sign of slowing down;
2. Medicare does not pay for custodial home care or nursing home care;
3. Longer life expectancy brings new challanges to those who might have been able to private pay for long-term care;
4. Medicaid rules can be changed by the legislature;
5. Loss of control inherent in Medicaid planning;
6. Cannot rely on family for support;
7. Want to preserve assets - especially highly appreciated assets;
8. Desire to limit financial exposure;
9. Believe that they will get better care if they privately pay;
10. Believe that private pay will bring more control and flexibility.
Of course, as with all legal, financial planning, its vital to speak with an experienced expert you can trust to take care of your best interests. Call us today at (800) 879-0984
Or... Click Here to order a free report or book with consumers in mind who are interested in their long term care planning.
If you have any questions or would like a free consultation call us toll free at 1 800 879 0984 or send us a message through our website by clicking here and we'll be certain to respond.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 200
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
Get Directions
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
Get Directions
