Annuities are financial products that pay a set amount each year, generally throughout the life of the annuitant. Most annuities are deferred, meaning the payout doesn’t occur until a later date. However, you can receive immediate payouts if you purchase…
In the United States, Medicaid is a public health insurance program that provides comprehensive coverage for health care and financial assistance to millions of Americans. The program helps low-income families, individuals, and people with disabilities receive adequate health care and…
Your home may be the most valuable asset you own, which is true for many people. You want your children to inherit that value when you pass. However, you are also concerned about planning for the future, declining health, and…
To receive federal assistance through the Medicaid program for nursing home care, assisted living, in-home care, or adult foster care, individuals must meet the threshold requirements of limited income and assets. Because of these rules, many candidates give away their…
In the United States, Medicaid assists low-income seniors with limited income and assets to pay for healthcare. Many seniors believe that the only way to qualify is to "spend down" their assets. While this is true in some cases, proactive…
It is expensive to age well and securely in America. The financial burden falls on millions of the elderly and their families. Long-term care facilities and retirement communities cost staggering amounts of money, as do the high costs of premiums…
You might want to rethink your understanding of Medicaid planning for long-term care coverage if you thought it only included meeting strict income and asset limits. You will also need to demonstrate you need the level of care typically provided…
When there is a chance that you or a loved one may need Medicaid assistance soon, it is not the time to be giving gifts. This can be unfortunate since many get joy out of generosity. But gifts in that…
Affordable long-term support services are an increasing necessity in America. Expenses are exorbitantly high whether you struggle to pay premiums for a long-term care insurance policy or monthly bills from a nursing home. The US Department of Health & Human…
Since part of the American Dream is home ownership, people understandably work hard all their lives to own a home. It is often their most valuable and significant possession. So when health begins to fail and the need for long-term…