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The
average cost for long term care in a nursing home today is
approximately $42,000 annually.
How can your assets & income
be protected? How long will your money last? It's what you don't
know about Medicare, Medicaid and long term care insurance that can
ruin you financially.
Senior
Planning Services (SPS), founded in 1990, has 12 affiliated offices statewide serving the long term care
planning needs of Senior Texans.
SPS specializes in preservation and
develops personal financial strategies for senior citizens. We specialize
in late life nursing home planning to protect assets from the high
cost of unexpected long term care expenses. SPS
Did
you know that Medicare only pays the first 20 days of skilled care.
The next 80 days are covered but with a $128.00/day deductible and Custodial
care IS NOT covered by Medicare.
After
that, there are four ways to pay for Long Term Care in a nursing
home:
1)
Private pay (your savings)
2) Long term care insurance (if
affordable)
3) Veterans Benefits (if qualified)
4) Medicaid
Benefits (if qualified)
According
to government statistics, most people that enter a nursing home
pay privately, spend down most of their assets, and then qualify
for Medicaid. However, with careful planning, assets and income
CAN be protected.
 You
DO NOT have to deplete your life savings to qualify for assistance
to pay long term care expenses. Senior Planning Services (SPS)
has the specialized knowledge of ever changing rules and regulations
to help you establish the best asset protection plan the law permits.
Gary
N. Beasley, CSA, manages the central Texas office is the Medicaid
case analyst for the Austin and Bryan-College station offices. He
has 30 years experience in financial services as a Certified Senior
Advisor (CSA), is a Licensed Insurance Counselor, and a Medicaid Planning
Specialist for the Law Office of W. Tim Ladyman, P.C.
Receive your FREE copy!
To
receive your FREE copy of 2008
Medicaid at a Glance, 2008 Veterans Benefits at
a Glance or How Long Will Your Money Last, complete our Request
for Information form below or call (512) 441-2825.
Please don't
forget to include your mailing address.
Gary N.
Beasley, CSA
Medicaid Case Analyst for the Ladyman Law Office for Senior
Planning Services
Tel: (512)
441-2825
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