Georgia Hospice Care’s Post

Don't let Medicaid drain your savings! 💰 Protecting your assets from nursing home costs is crucial. Here are a few strategies to consider: Long-term care insurance Medicaid-compliant annuities Irrevocable trusts Want to learn more? Read our blog for a deeper dive into these options. https://lnkd.in/gpPmuhdp #Medicaid #EstatePlanningOhio #AssetProtection #RetirementPlanning #LongTermCare #ICanProtect #AskMatt

Don't let Medicaid drain your savings! 💰 Protecting your assets from nursing home costs is crucial. Here are a few strategies to consider: Long-term care insurance Medicaid-compliant annuities Irrevocable trusts Want to learn more? Read our blog for a deeper dive into these options. https://lnkd.in/gF3GbZQ8 #Medicaid #EstatePlanningOhio #AssetProtection #RetirementPlanning #LongTermCare #ICanProtect #AskMatt

Medicare Part C and Part D are different from Original Medicare because they're handled by private insurance companies. The Centers for Medicare & Medicaid Services (CMS) set rules to keep the marketing of these plans fair and honest, so you're not tricked into signing up. When insurance companies or their reps, want to promote these plans, they have to stick to strict rules. Report Medicare marketing violations if: 1. You get unexpected calls from a company you don't know. 2. A company claims to be from Medicare, Social Security, or Medicaid. 3. You receive materials from a company you didn't plan to meet. 4. An agent tries to sell you other insurance during a Medicare talk. 5. An agent shows up without invitation after missing an appointment. 6. You join a plan based on false promises about coverage and get a bill later.

Secure your future with our free guide on protecting your assets and qualifying for Medicaid. Download now at our website to learn how to navigate Medicare costs, Medicaid planning, long-term care insurance, and eligibility trusts. #MedicaidPlanning #AssetProtection #MedicareCosts #LongTermCare #FinancialPlanning #ElderLaw #SecureYourFuture

Medicare Part C and Part D are different from Original Medicare because they're handled by private insurance companies. The Centers for Medicare & Medicaid Services (CMS) set rules to keep the marketing of these plans fair and honest, so you're not tricked into signing up. When insurance companies or their reps, want to promote these plans, they have to stick to strict rules. Report Medicare marketing violations if: 1. You get unexpected calls from a company you don't know. 2. A company claims to be from Medicare, Social Security, or Medicaid. 3. You receive materials from a company you didn't plan to meet. 4. An agent tries to sell you other insurance during a Medicare talk. 5. An agent shows up without invitation after missing an appointment. 6. You join a plan based on false promises about coverage and get a bill later.

What are four reasons people may purchase long-term care insurance? 1. To protect their assets against the high costs of long-term care. 2. To preserve their children's inheritance. 3. To make long-term care services affordable, such as home health care and custodial care. 4. To provide themselves with more options than just nursing home care, and to pay for nursing home care if needed. #longtermcare #seniorcitizen #retirementplanning

“I never want to go to a nursing home, so I don’t need long-term care insurance.” While this is a common belief, it’s important to note that 80% of long-term care (LTC) insurance claims are for home health care services. With LTC coverage, you can choose to receive assistance at home, in adult day care, assisted living facilities, nursing homes, or hospice care. Regardless of whether you have LTC insurance, you will need some form of care as you age. Ensure that you receive the care you desire, on your own terms!🤝 #InsuranceOptions #LTCinsurance #FinancialPlanning #Retire

Medicare Part D and Supplemental insurance (optional) Medicare Part D covers prescriptions. There are several plans available; you can choose one depending on the prescriptions you are currently taking. Monthly Premiums (fees) and deductibles vary depending on the plan you choose. Monthly premiums (fee) range from $15-$50. Yearly Deductibles may range from $300-$500. Supplemental insurance (Medigap). This type of supplemental insurance helps pay your out-of-pocket costs in Original Medicare. Depending on the type of supplemental insurance you choose there is a monthly Premium (fee). It may vary from $80-$250/month.

Protecting those who protected us As we navigate our careers and build our own families, it's easy to forget about those who paved the way for us - our parents. One way to show our appreciation and ensure their well-being is by getting long-term care insurance. Long-term care insurance can provide: - Financial protection against rising healthcare costs - Access to quality care in the comfort of their own home or in a facility - Reduced burden on family members and loved ones - Increased independence and dignity - Ensure their financial security and independence - Protect your own financial future from potential caregiving costs - Show your appreciation for everything they've done for you Consult with a licensed insurance professional to find the best policies for their needs. Let's help those who gave us everything. #longtermcareinsurance #familyprotection #financialsecurity