In this Blog post by Chris Orestis for the Society of Senior Care Advisors (CSA); Chris discusses the importance of understanding the variety of private pay funding options that are available to help families. Most people do not plan for long term care. Too few understand the differences between Medicare and Medicaid and what is required to qualify. People are also uninformed about the variety of private pay funding options such as the Veteran’s Aide & Attendance Benefit; converting life insurance into a Long Term Care Benefit Plan; and other financial vehicles that will delay your need to impoverish yourself to qualify for public assistance with Medicaid.
To learn more, read the entire Blog post here on the CSA Blog: http://blog.csa.us/2015/04/the-growing-long-term-care-funding.html