The Maggie Linton Show is a critically acclaimed Sirius XM radio show which offers stories about individuals who’ve reached for success and achieved their goals. Part One! Part Two! Part Three! Maggie and Chris had a three part interview which went over much more than just Life Care Funding. Maggie asked some very interesting and difficult questions, allowing Chris to show really what a Life Insurance Settlement…
Consumer Protection, Insurance Conversion, Insurance Settlement, interview, Life Insurance Settlements, radio
Legislative Overview: Medicaid Life Settlement conversion of a life insurance policy into a Long Term Care Benefit Plan NEW YORK STATE ASSEMBLY, SENATE HEALTH COMMITTEE BILL NUMBER: S5721 As New York becomes the eighth state to introduce legislation to promote Medicaid Life Settlement conversions of life insurance policies into Long Term Care Benefits, and Texas becomes the first to enact this legislation into law, Life Care Funding was asked to provide some insight and commentary into what this new law means for consumers seeking the…
Elder Care, Financial Assistance for Seniors, Life Insurance Settlements, Long Term Care Cost, Medicaid
Medicaid Life Settlement Laws Victory! State laws supporting your right to convert a life insurance policy to pay for Homecare, Assisted Living and Nursing Home Care pass around the country So far in 2013, eight states have introduced legislation based on Life Care Funding’s Long Term Care Benefit program as a way to encourage more use of Private Pay Solutions for Homecare, Assisted Living and Skilled Nursing through the conversion of a life insurance policy into a Medicaid Life Settlement Plan. This practice is already…
Assisted Living, Home Care, Life Insurance Settlements, Long Term Care Cost, Medicaid, Nursing Homeby Chris Orestis, Life Care Funding Published July, 2009: New York State Bar Association Elder Law Journal Medicaid Eligibility Life insurance polices are unprotected assets and state Medicaid programs expect any policy with cash value beyond a minimal amount to be surrendered for medicaid eligibility. Those proceeds would then be spent as a medicaid spend down on care before Medicaid eligibility and payments would begin. Instead of surrendering a policy for minimal cash value, the owner could instead receive considerably more through a life settlement. The use…
Life Insurance Settlements, Medicaid, Senior Life Insurance