Funeral Trusts

How Does Funeral and Final Expense planning work if I need Medicaid?

Health care costs have risen dramatically over the last decade.  In additions statistics show that 1 in 4 people will need full-time nursing home or home health care during their later years.  These costs can drain away hard earned assets, leaving a family wondering how to pay for the needed care.

Medicaid is a program jointly funded by states and Federal Government.  Medicaid reimburses medical care providers, including Nursing Homes and Home Health Agencies for qualified individuals who are 65 and older, blind or disabled.

But You have to qualify.  Income and assets must be at certain levels.  Assets include checking and savings accounts, investments, annuities, revocable living trusts, retirement funds and the cash value of Life Insurance.

An easy way to protect your assets from Medicaid is to pre-pay your funeral.  This can be done by purchasing an insurance policy specifically designed for your Final Expenses and having it irrevocably assigned to a Funeral Trust.

Call or email me today If you would like more information on how to protect your hard earned assets from Medicaid by using a Funeral Trust .  We would be glad to provide you with free information.

 

877-546-7441 or info@seniorcarefinancialservices.com

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Understanding Medicaid and Funeral Planning

For more information contact Ted Ratliff at SeniorCare Financial Services 877-546-7441 or email us at ted@seniorcarefinancialservices.com