Paying for Nursing Home Care (Medicaid)

As you consider how to pay for long term care, here’s what is critical to keep in mind:

Before you transfer any property, or give away any assets, make sure that you have a good solid roadmap that will guide you through the mess that is Medicaid (and when applicable VA benefits) so that you can make the right decisions for your family without making mistakes that can cost tens or hundreds of thousands of dollars.

Concerned About How To Pay For Long Term Care in 2019? Start Here.

Are You Struggling To Figure Out How To Pay For Long Term Care For A Loved One In A Nursing Home?

long term careWe often think that Alabama Medicaid is the only way to pay for nursing home for our spouse or parent.

However, Medicaid is simply one solution among a number of solutions.

To properly determine how to pay for nursing home care, we have to look at the risk and then all of the options before we can adopt a … (Read more)

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Fifth mistake (and solution) in planning for your long term care

This is our final post in the series of “Five mistakes commonly seen in long term care planning” — if you haven’t already feel free to read the first four mistakes so this one will make sense:

  1. Assuming you or your family will not need long term care;
  2. You not having a long term care plan or strategy;
  3. Not having the proper basic estate planning documents; and
  4. Transferring assets (including your home) without having proper legal advice
… (Read more)

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Fourth critical mistake (and solution) in planning for your long term care

Continuing our discussion of the five most common mistakes we see folks making before they need long term care, we will turn to the fourth mistake.

You can find the articles on the first mistake (assuming no long term care will ever be needed), the second mistake (not having a long term care plan), and third mistake (not having proper estate planning documents) if you haven’t already read them.

Fourth Mistake: Transferring assets without proper legal advice

Fourth critical mistake (and solution) in planning for your long term careThe … (Read more)

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Third critical mistake (and solution) in planning for your long-term care

Continuing our discussion of the five most common mistakes we see folks making before they need long term care, we will turn to the third mistake.

You can find the articles on the first mistake (assuming no long term care will ever be needed) and the second mistake (not having a long term care plan) if you haven’t already read them.

Third Mistake: Not having proper basic estate-planning documents

Third critical mistake (and solution) in planning for your long-term careEstate planning can get incredible complicated with all sorts of strategies.  … (Read more)

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Second critical mistake (and solution) in long term care planning

You can read the first mistake — assuming that long term care will not be needed — and now we are going to look at the second mistake.

Second Mistake: Not having a plan to pay long-term care

Second critical mistake (and solution) in long term care planningIf you do not have a plan to pay for long-term care, then if you ever get hit with a situation where you need long-term care, the odds of being successful go way down. It could be that you just get lucky … (Read more)

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First critical mistake (and the solution) in long-term care planning

First Mistake: Assuming you will never need long-term care      

First critical mistake (and the solution) in long-term care planning“I won’t ever need long-term care.”

That is a very common mistake. This is something we hear over and over and over: “I won’t ever need long-term care.” I’ve even had people say to me, “You know what? I’ve looked into it and I’ve decided I will never need it.”

I’m sitting there listening this person, saying, “Wow! That’s impressive.”

It’s like saying:

  • “I’ve looked into car wrecks and we’re never
… (Read more)

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