3333 S. Bannock Street, Suite 900   Englewood, CO  80110  303-761-4900

Long Term Care Planning And Medicaid

Long Term Care Planning and Medicaid
Contrary to popular belief, Medicare and private health plans will not cover the cost of long term care.  The only way to protect yourself is to plan for the future.  This means either taking out long term care insurance, provided you can be underwritten and it is affordable, or it means qualifying for the government program known as Medicaid.  In most cases, planning for payment by Medicaid requires that you plan at least 5 years in advance.

According to government statistics, 70% of people over the age of 65 will require long term care at some point in their lives.

Because of the current financial crisis, many of us over 65 will not have time to recover our portfolios during our lifetimes.  It has never been more important than now to be realistic about current economic conditions and cost of long term care.

The cost of delay in planning for long term care could completely wipe out even a large estate that has been carefully built up over the years.  What has taken a lifetime to build up can now be wiped out by an unplanned illness or disability within months or a few years.  Don't let this happen to you or your family.
The cost of long term nursing home care now averages over $6000 per month in Colorado.

We at Solem, Mack & Steinoff, P.C. are committed to working for families to achieve their life ambitions.  We understand the costs of long term care and the methods used to plan for it.  We understand and utilize such techniques as trusts, gifting plans, annuities and other methods of asset protection.  We recommend the options and let you decide what is best for your family.  The good news is that the planning is very affordable and can be accomplished in a very short period of time.

You can start this planning simply by calling us.  Our firm has been providing these services in Colorado since 1990.  It has never been more important than now to do long term care planning, especially if you are over the age of 65.

We can assist you with:
  Medicare and/or Medicaid
  Asset Protection
  Spousal Protection
  Planning Tools/Options
  Countable vs. Exempt Assets
  Understanding Medicaid Rules & Regulations
  Medicaid  Applications
  Medicaid Appeals
*All consultations are confidential.  Payment plans and credit cards are accepted.