It Takes Special Planning
Time and time again we get calls from people in the midst
of crisis. For example, one day a man called pursuing local nursing home placement for his mother.
To make a long story short, his mother had lived in an out-of-state nursing home for seven years, a
short distance away from her youngest son. The unexpected death of that son prompted a move
to be near her remaining son.
When asked how much money she had to work with, he said “We need to do
some planning. She’s gone through $400,000 in that
nursing home and only has $20,000 left.”
The moral of the story?
Planning takes place at the beginning. When you
have resources --- money and supports --- you have choices. You are marketable to your preferred programs
that often seek private pay clients to maintain their operating costs.
What are the options available to pay for such tremendous
costs of long term care?
1) Private Funds – spend your life savings until
they are depleted.
2) Medicaid – spend down savings to poverty levels
and apply for assistance
3) Long Term Care Insurance
Insurance professionals understand insurance.
Healthcare professionals understand the long-term care system. There are very few nationwide
professionals who have a solid understanding of insurance AND long term care.
For detailed information on Medicare, Medicaid and other
issues, visit our website at www.elderplanning.com.
Is LTC Insurance Right for You?
We have over twenty years of direct experience in the
long term care system. Specializing in Long
Term Care (LTC) insurance,
We offer objective, accurate and up-to-date information.
Not only can we help you choose the best
policy, we assist with the eventual claims process as well as the actual
coordination of benefits. Simplify the maze of uncertainty and contact us for a
free quote. Find out what is available to you based on your personal goals and budget.
If it’s too late for LTC insurance for you, there may
still be some planning techniques that can help
you to expand the choices available to you when the time comes to face
transitions.
Call Elderplanning to find out if there are things you
can do to plan for the inevitable changes associated with aging. There is no charge for an insurance
consultation and there is never a charge for an initial phone call.
For an informational packet call toll free (877)
243-4436
or contact us by email at
LTC@elderplanning.com.
Divorcing After 45 Years?!
An elderly man in Phoenix calls his son in New York and
says, "I hate to ruin your day, but I
have to tell you that your mother and I are divorcing; forty-five years of
misery is enough."
"Pop, what are you talking about?" the son
screams.
"We can't stand the sight of each other any longer," the
old man says. "We're sick of each other, and I'm sick of talking about
this, so you call your sister in Chicago and tell her." and he hangs up.
Frantic, the son calls his sister, who explodes on the
phone, "Like heck they're getting divorced," she shouts, "I'll take care of this."
She calls Phoenix immediately, and screams at the old
man, "You are NOT getting divorced! Don't do a single thing until I get there. I'm calling my
brother back, and we'll
both be there tomorrow. Until then, don't do a thing, DO YOU HEAR ME?"
and hangs up.
The old man hangs up his phone and turns to his wife.
"Okay," he grins, "They're coming for the weekend ---
And THIS time they’re paying their own
airfares!"
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