Tuesday June 3rd, 2014
Medicare and Medicaid: Protecting your assets
An important concern of the seriously ill is whether their medical and other care expenses will gobble up resources and leave a surviving spouse with insufficient funds for their own needs. Medicare will pay for limited time in a nursing home provided 24-hour nursing care is required. But people who need long-term assistance and those who need non-medical help such as preparing meals, doing laundry or remembering medications may have to pay for this care out of their own pockets. This can get very expensive.