This information is wrong, the spouse who is not in the nursing home, the community spouse, does not have to be left impoverished, for Medicaid qualification.
We are here to help you, if your family is too remote or to busy to help you. We provide a case-by-case understanding of what options and resources are available, and how to connect you with the services you need.
Long-term care insurance (LTCI), also known as nursing home insurance, is the only form of insurance that will pay for long-term nursing home care. If you are single, the odds are 50 percent that you will need long-term nursing home care at some point in your life. If you are age 65 and married, the odds are 75 percent that you or your spouse will need long-term nursing home care. The average nursing home stay is 2.5 years, at an estimated national average of more than $75,000 a year. And yet, most people do not have long-term care insurance. One…
We are changing the face of elder care, by delivering high quality, independent professional advice and advocacy services on home care, assisted living and nursing homes, asset protection, and finding governmental programs to pay for care.
Senior Life Care Planning offers a wide range of services to help maintain their client’s independence at home, or to advocate for their client’s rights and quality of life, at an assisted living facility or nursing home.
However, there are no right and wrong answers in choosing either LTCI or MT. Each client has their own situation, concerns, preferences, circumstances, and financial issues. The key is protecting your assets from the nursing home cost.
The annuity creates an income stream, (non countable) that repays the full amount of the annuity plus interest, over a term of years or the spouse’s actuarial life expectancy.
Asset Protection planning is especially prudent for professionals and business owners whose personal assets could be at risk due to the nature of their employment.
Frederick, MD 
301-663-9230
