Paying for long-term nursing home care can drain anyone’s nest egg but is it a necessary evil in order to receive the care you need? No. There are options out there to help pay for care without going broke - and we can help you explore them.
Paying off any debts you have, whether that be a mortgage, a vehicle, or credit card debt, will not count against you if the nursing home looks at your financial records. In addition, it will lower the number of countable assets you have to use to pay for your nursing home care and will bring you closer to the financial Medicaid eligibility requirements.
A Medicaid Compliant Annuity is a unique and effective tool used to protect your assets from nursing home costs. If your loved one requires care immediately, they may be able to protect liquid assets by purchasing a Medicaid Compliant Annuity. This innovative product helps you shift items from the asset column into the income column in order to help you qualify for benefits. Once you are within Medicaid limits, Medicaid will subsidize the cost of care, and any at-risk assets are considered protected.
A Medicaid Compliant Annuity can help you:
Read More: What is a Medicaid Compliant Annuity?
This guide takes a deep dive into the landscape of long-term care and how to pay for it without going broke, including the answers to your top questions surrounding Medicaid.GET MY COPY