It’s an ongoing topic of conversation, one that is often quite heated, and, at times confusing. We’ve written about medicare medicaid services in the past in an effort to educate what medicare & medicaid will, and won’t, cover, versus LTC insurance. In the end it is a personal decision, though the best thing to do is to simply contact a long term care insurance specialists and ask them questions, lots of questions. Discuss your situation, your health, your financial status. Take this information and sit it on overnight. Talk to friends an others who are in similar situations.
Why are we bringing up this topic again? Here’s the premise from a recent news story by the Washington Post, titled “Medicaid Planning Is the Wrong Call”.
My sister says our family should begin elaborate “Medicaid planning” to shelter our elderly parents’ assets and make them look poor enough to qualify for government-paid nursing-home assistance, even though they’re in good health today. I think this is unethical. What do you think?
What’s the right thing to do here? Is there a right answer? You can read the rest of the story HERE, but we’d love to hear your reaction.
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