If you’re like most retired Americans, you’ve worked hard to save and invest for your retirement, but what are you doing to help protect yourself from the staggering costs of long-term care?
Most seniors are unaware of the potential costs associated with long-term care. The annual national average for nursing home costs is $75,000 a year. This number is only going to rise as time goes on. Most think that Medicare will pay for long-term nursing home stays, but this couldn’t be further from the truth. Medicare will pay for only 100 days in a nursing home and will not pay assisted living costs. Beyond the 100 days, a person must pay out of pocket, term care insurance or qualify for Medicaid. Otherwise, they will be sent home.
Since statistics show that one out of every two people will need long-term care, this can be a devastating. Fortunately, you do not have to deplete your assets to qualify for Medicaid. S.A.F.E. Planning has mastered pre-planning so you can protect 100% of your assets should long-term care be required. With licenses in nine states and an office in Shreveport, Louisiana, S.A.F.E. Planning provides financial protection programs designed specifically to meet the needs of seniors.
Medicaid is NOT Welfare. Many people believe that Medicaid is strictly for indigent cases. Medicaid is an entitlement program, like Social Security, that seniors have already paid for. Medicaid for long-term care is an entitlement program established under title XIX of the Social Security Act READ MORE which, over time, has become viewed as a form of Welfare due to congress’ misappropriation of funds.
Let S.A.F.E. Planning show you how to preserve your hard earned assets. Schedule a consultation or join us for one of our FREE educational workshops.
S.A.F.E. Planning, Inc. is the premier corporation providing expert financial protection programs that specifically serve the senior market. Our focus is on Estate Preservation and Asset Protection. Large or small, everyone has an estate. With timely and informed planning, costly mistakes can be avoided.