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 […]
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 […]
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 […]
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.
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