A bad fall, stroke, dementia diagnosis, or other unexpected illness are things beyond one's control that could create a need for nursing home care, either temporarily or for the long term. But are you prepared for the financial ramifications of requiring nursing home care, either for yourself or a loved one?
In this episode, Attorney Jenna Franks and Long-Term Care Planner Kristin Daugherty discuss legal strategies that are available to everyone to help minimize the financial and emotional impact of a healthcare crisis. Among the topics they discuss are what long-term care insurance covers, what both Medicaid and Medicare pay towards the cost of long-term care, how you can protect your home and other assets from the rising cost of long-term (hint: it's best to start planning early while you're still in good health in order to get the best results), and what you can do if you're currently in a crisis or a loved one is already in a nursing home and you haven't pre-planned.
This is an audio recording of a virtual seminar originally presented in October 2020. To view a video of this episode, complete with PowerPoint slides, visit our YouTube Channel.