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Top 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…

Top 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…