At first, you may not understand why Medicaid planning is important to many senior citizens. After all, most people are going to qualify for Medicare coverage when they reach the age of 65. In addition to this, Medicaid is a need-based program. The majority of people who retire are going to have some resources, so they wouldn t qualify for Medicaid. All of the above is true, but nonetheless, Medicaid planning is quite relevant to most people who are entering their retirement years. Assisted Living The majority of senior citizens are going to require assistance with their activities of daily living at some point in time. The plurality is 70 percent according to a government survey. It is irresponsible to go through life assuming you will never need long-term care given this statistic. The Medicare program will not pay for long-term custodial care. This is an enormous gap, because long-term care is extremely expensive. The average stay of two years and three months can cos
Posted on: Thu, 04 Sep 2014 13:50:18 +0000
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