A Look at Medicaid

For an increasing number of families, long-term care planning is becoming a topic discussed with an unfortunate frequency. When a once healthy and vibrant person needs full-time care—either suddenly or through the ravages of a progressive illness—staggering pressures can bear down on that person, their immediate family, and close friends. One of the first and most natural questions that comes to mind is the question of cost: Where will the money come from to allow the individual to live out the rest of his or her life in the most comfortable situation possible? For a fortunate few, long-term care insurance will provide the necessary funds. For others, the savings of a lifetime can be depleted in a relatively short period of time without proper planning. At some point, the discussion of funding care will no doubt turn to Medicaid, a difficult topic to deliberate when combined with the stress of …

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