Long-Term Care Insurance

Most long-term care involves assisting with basic personal needs rather than providing medical care.

Medicaid 101

Often, a married couple will be able to afford coverage for only one spouse. Looking at statistics alone, the wife should purchase the policy. ...

Elderlaw 101

Premiums for "qualified" long-term care insurance policies are tax deductible to the extent that they, along with other unreimbursed medical expenses (including Medicare premiums), exceed a certain percentage of the insured's adjusted gross income. ...

Elderlaw 101

When you buy long-term care insurance years before you need it, you are taking a gamble that the company will still be around when it is time to pay out. But what happens if the company goes out of business?...

Elderlaw 101

Many middle-income people have too much money to qualify for Medicaid but can't afford a pricey long-term care insurance policy. ...

Medicaid 101

While in large part people who purchase long-term care insurance and those who plan to qualify for Medicaid coverage of long-term care costs fall into separate groups, there are at least two situations where they overlap.

Medicaid 101

The younger you purchase a policy, the lower the premiums will be. ...

Medicaid 101

A number of considerations go into how much long-term care insurance any consumer should buy. ...

Medicaid 101

With nursing home care in some parts of the country costing as much as $10,000 a month, a long-term need for care can deplete even the best-planned estate. ...

Medicaid 101