Long-Term Care: Planning Ahead for Seniors
Vancouver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Navigating Long-Term Care: A Financial and Legal Guide for Middle-Class Families - This episode delves into the harsh reality of long-term care costs for Americans over sixty-five, with only a small percentage having private insurance. Medicare doesnt cover ongoing nursing home or assisted living stays, leaving many to rely on savings, family help, or Medicaid. The episode explores a Medicaid spend-down strategy, where assets are legally used up on things like funeral prepayments or medical bills to qualify sooner. It also discusses the five-year look-back rule, medically needy programs, and the importance of planning ahead through eldercare specialists or long-term care policies.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/2fbb6bd676e2b561