Tuesday, May 16, 2006
The Long-Term Care Puzzle Gets Tougher
Do you think you should be able to preserve your assets for an inheritance while Uncle Sam picks up the tab for your nursing-home stay? Or is it your responsibility to spend your own money on long-term care, even if it means your heirs get less or nothing when you die?
No matter how you come down on these questions, one thing's now clear: It's become much harder to get the government to pay for a long stint in a nursing home. In February, President Bush signed a new law that imposes sharp limits on the ability of people with homes and other assets to tap Medicaid for help.
The Long-Term Care Puzzle Gets Tougher
Source: Insurance News Net
No matter how you come down on these questions, one thing's now clear: It's become much harder to get the government to pay for a long stint in a nursing home. In February, President Bush signed a new law that imposes sharp limits on the ability of people with homes and other assets to tap Medicaid for help.
The Long-Term Care Puzzle Gets Tougher
Source: Insurance News Net
Permalink posted by armandn @ 7:03 AM 
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