It is often suggested that everyone should buy long-term care insurance at the age of youth. This is because at that time, premiums are low compared to old age. The risk of having critical illness related to health and disability are greater as people growing old. (more…)

Medicaid is a joint federal-state program providing medical care services to low-income individuals. Medicaid eligibility requirements is established through the categorically needy and medically needy programs, or as a result of membership in a few special groups recognized by federal law. Categorical eligibility includes families covered by the state welfare program, pregnant women and children under age 6 with family income up to 133 percent (more…)

Buying long term care insurance is bringing some though and education to put together. Choosing the right insurance for this purpose should not be taken lightly due to many factors involved. The idea of self funding long term care is not realistic for most people. With the average annual cost of nursing home care, assisted living and home health care rising, the cost of a few years of long-term care can wipe out nearly every American’s retirement savings or investment. Transferring the risk of nursing home or long term care costs to an insurance company maybe one of the most crucial financial decisions you make. (more…)