Get started with long-term care planning in under 10 minutes. Legal jargon free.
Aging with Confidence: A Guide to Medicaid and Long-Term Care Planning is a free PDF written by experts in the finance and legal fields. This guide was designed with elderly parents, their caretakers, and their families in mind. Our goal is to help you protect your wealth from the cost of long-term care.
Aging with Confidence: A Guide to Medicaid and Long-Term Care Planning is an essential guide for anyone looking into assisted living or nursing home care.
And if you think this situation will never happen to you, think again. According to Morningstar, 52% of people who reach age 65 will need some type of long-term care during their lifetimes. And the cost of that care is staggering.
The median monthly cost of long-term care in 2021 was the following:
- $4,500 for an assisted living facility
- $5,148 for a home-health aide
- $9,034 for a private room in a nursing home
Privately paying for long-term care means that you'll need to find an extra $50,000-$130,000 a year in your budget!
Just the thought of that number instills panic and fear in many people.
Without proper plan, your lifesavings could quickly dry up. A lifesavings you worked hard for. A lifesavings you want to leave for your family.
Luckily, there are dozens of tools out there you can use to stop this from happening. This inclusive guide will explain your options to you in an easy to read fashion.
By reading this 11-page guide, you will learn:
- What is long term care and who needs it. Most people equate the term 'long-term care' with elderly people and nursing homes. However, there are many different forms of long-term care.
- Who provides long-term care. Many people believe that their family will take care of them with their older. This is an unlikely possibility for several reasons.
- 7 ways to pay for long-term care. We will also teach you the eligibility requirements for each form of payment.
- Medicaid eligibility requirements. Medicaid exists to help people of low-income receive healthcare. There are specific asset and income requirements.
- How to plan now to qualify for Medicaid in the future. There are ways to protect your assets and still qualify for Medicaid.
All this information is available to you in an easy to read fashion. No law or finance degree needed.
The best part is, by reading this guide, you don't have to wait to get your most important questions answered. You don't have to waste your time or money to meet with a lawyer or financial advisor.
Get these questions answered, and more:
- What is the 'lookback period' for Medicaid application?
- What are the income requirements for Medicaid?
- What do I do if I make too much to qualify for Medicaid?
- How do I protect my money from the cost of long-term care?
- How can I prepare for nursing home care?
- What is long-term care insurance?
- Will the VA pay for long-term care?
There's no obligation to work with us after downloading the guide. We just want to educate as many people as possible.
We've seen way too many people wait to get this valuable information. By the time they decide to take action, they've already lost thousands of dollars.
Take action now. This guide could end up saving your assets.