Still looking for the right long term care payment option for you? ALTCP can help you find the perfect coverage by giving you a side-by-side comparison of quotes from top insurers when you shop for quotes now. No commitment, it’s your call! One question that Americans are itching to know is whether Medicaid pays for… read more
Baby boomers retiring would face expensive long-term care costs that can wipe out their retirement savings if they don’t plan for these properly. But are they even doing enough to prepare for long-term care? Well, I’m afraid not. According to the recent retirement survey done by Go Banking Rates, 42% of Americans will only have… read more
Protecting assets from nursing home costs should be one of the pillars of retirement planning. Sad to say, many Americans have a blind spot for long term care costs. They underestimate the costs thinking that their savings will be enough to cover it. Will it be enough? Unfortunately, no. Based on the… read more
Medicaid is a federal health assistance program administered at the state level for poor and indigent Americans. It can help pay for senior long term care. However, there are general, functional and financial requirements that must be met in order to qualify for benefits. General Requirements As a general rule, Medicaid only grants benefits to… read more
A lot of us carefully plan for our retirement – invest in mutual funds, contribute to 401k and pay mortgages – but even the most well thought of plan can be threatened if it does not include preparations for long term care. Long term care involves a wide variety of services for people who need… read more
In the study “Examining Differences in Death Rates for Medicaid and Non-Medicaid Nursing Home Residents,” Dr. Jennifer Troyer of University of North Carolina disclosed that the mortality rate of Medicaid patients is 14.8% higher than the mortality rate of private-paying residents. Although the high death rate can be caused by other factors, it could still… read more
Most Americans today are not prepared to pay for long term care thinking that the government will pay everything for them. The truth is, it’s not that reliable like what everyone thinks. As a matter of fact, Eric Henderson, the Senior Vice President at National Financial, said that Americans shouldn’t rely on Medicaid or Medicare…. read more