Long Term Care Services are EXPENSIVE!
MEDICARE DOES NOT PAY FOR LONG TERM CARE.
And someone has to pay for it. How will you pay for care?

Long Term Care Insurance Companies

Category Archives for Medicaid

How Nursing Home Stays Ravage Finances

The high costs of long term care in a nursing home will often devastate a senior’s nest egg. With increased longevity, more and more American seniors – as many as 7 out of 10 – will be faced with needing care while in retirement. Many mistakenly believe these expenses are covered by health insurance or […]

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Long Term Care – The Biggest Threat to Your Nest Egg

Many seniors and their financial advisors spend decades building a nest egg for a financially secure retirement. Never the less, a long term care event can devastate a lifetime of savings. Since Medicare does not pay for long term care and Medicaid is only available to those who are low-income and have few assets, most […]

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Long Term Care Under Pressure As Most State Expect Medicaid Shortfall

Long term care is facing financial pressure in most states with two-thirds of Medicaid directors citing a 50-50 change of funding shortfalls. As a result, 46 states are adopting plans that cut and restrict payments to long term care providers in 2012 and 11 more states will have restrictions on long term care programs and […]

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States Have A Medicaid Problem. Medicaid Has A Long Term Care Problem

According to a brief by the Kaiser Family Foundation, six percent of Medicaid enrollees account for nearly half of Medicaid’s spending. The average long term care beneficiary costs Medicaid over $43,000 a year. READ MORE: States have a Medicaid problem. Medicaid has a long-term care problem.

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Why Retirees Will Find Medi-Cal To Be A Bust On Long Term Care

With a slumping California economy and soar long term healthcare costs, Medi-Cal has cut back on home care and adult day care health programs. READ MORE: Why retirees will find Medi-Cal to be a bust on long-term care Read more at the San Francisco Examiner: http://www.sfexaminer.com/opinion/op-eds/2011/01/why-retirees-will-find-medi-cal-be-bust-long-term-care#ixzz1xskC4Rt5

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