With the increases in the cost of Elder Care over the past few years, it’s important to plan what you want to happen as you age. There are many ways to prepare for that time in life for health care. Long-Term Care (LTC) insurance can be an important building block in those plans. LTC helps pay for the care required after an accident or serious health issue for individuals older than a minimum age. Coverage can be acquired that covers either or both members of an older couple. Besides helping to pay for that care, it also allows coverage for a length of time if the stay at a healthcare facility will eventually require Medicaid to pay for that care. A long-term health situation may eventually require Medicaid support. Planning is essential when dealing with Medicaid. LTC can be an important part of this planning process.
The attorneys at Pickrel, Schaeffer & Ebeling are well-versed in Elder Care matters. They help clients develop asset protection strategies and how LTC fits into the planning process. Contact Jacob Frizado at jfrizado@pselaw.com or 937.223.1130.
