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Protecting your Home from the Catastrophic Cost of Long Term Care
The average cost of a nursing home stay in the Central New York region is over $100,000 per year. Many people want to make sure their home is protected if they ever need to be placed in a nursing home. The home is protected if there is a surviving spouse or a disabled child living…
Read moreTop Ten Misconceptions Regarding Planning for the Payment of Long Term Care-Part 2
Part two of this article discusses the last five of 10 common misconceptions relating to planning for the payment of long term care. Misconception #6. The best way to protect my home in the event of a long term stay in a nursing home is to transfer the house to my children, and retain life…
Read moreTop Ten Misconceptions Regarding Planning for the Payment of Long Term Care-Part 1
The following are the first five of 10 common misconceptions relating to planning for the payment of long term care. Misconception #1: Medicare or other health insurance will cover the cost of long term care, either at home or in a nursing home. Traditional health insurance does not cover the cost of care in a…
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