Californians Can Take Advantage of Added Nursing Home Asset Protection

Nursing home asset protection is a very big deal when you understand all of the facts. It would be natural to assume that Medicare will pay for nursing home care if you ever need it, but in reality, the program does not pay for custodial. The Medicare program will often cover rehabilitative care after release from a hospital following an injury or illness, but it will not pay for custodial care. Paying out-of-pocket is really not a sensible option for most people, because long-term care costs are exorbitant. Medi-Cal is California s version of the nationally offered Medicaid program. This program does pay for long-term care if you can obtain eligibility. In most states, including California, there is a $2000 limit on countable assets for unmarried indivuals. As a result, people often  give assets to their loved ones before they apply for coverage, but this takes careful planning. You generally cannot hang on to your assets until and unless you find out that you need long-term care
http://www.norcalplanners.com/californians-advantage-added-nursing-home-asset-protection/

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s