How to Handle an Increase in Your Long-Term Care Premiums
The cost of long-term care insurance keeps rising, and if your premiums are becoming unaffordable you should know that you have options. Here are five ways to help handle a premium increase.
The cost of long-term care insurance keeps rising, and if your premiums are becoming unaffordable you should know that you have options. Here are five ways to help handle a premium increase.
A Medicaid asset protection trust (MAPT) can be useful for estate planning if you believe you or your spouse will need long-term care at some point. Transferring assets to this type of trust can allow you to qualify for Medicaid … Continue reading →
The post How a Medicaid Trust Protects Your Assets appeared first on SmartAsset Blog.
Medicaid is a government program that can help eligible seniors pay for nursing home care. If youâre helping an aging parent navigate Medicaid because they donât have long-term care insurance or you think youâll need it yourself someday, itâs important … Continue reading →
The post What Is Medicaid Estate Recovery? appeared first on SmartAsset Blog.
Taking care of aging parents is something you may need to plan for, especially if you think one or both of them might need long-term care. One thing you may not know is that some states have filial responsibility laws … Continue reading →
The post An Overview of Filial Responsibility Laws appeared first on SmartAsset Blog.
A 55-year-old can expect to pay a long-term care insurance premium of $2,050 per year on average, according to a 2019 price index survey of leading insurers conducted by the American Association for Long-Term Care Insurance (AALTC). That will cover … Continue reading →
The post How Much Does Long-Term Care Insurance Cost? appeared first on SmartAsset Blog.
While Medicare and Medicaid both help aging adults afford some of their medical expenses, they may not cover the cost of an extended illness or disability. Thatâs where long-term care insurance comes into play. Long-term care insurance helps policyholders pay … Continue reading →
The post What Long-Term Care Insurance Covers appeared first on SmartAsset Blog.