Title 19 Medicaid Protection Workshop
Nursing home costs in Connecticut are expensive, even outrageous by some standards. In the most recent survey, the average cost of nursing home care in Connecticut was found to be $9,096 per month. As bad as that sounds, remember that is the average cost, some facilities were even higher. To many people, nursing home costs are the single greatest threat to their life savings. Each year of nursing home care in Connecticut can take away more than $100,000 from your savings.
Who is going to pay that bill every month? Medicare? Medicare covers 100 days at best if you have the correct coverage and satisfy the conditions for benefits. Long term care insurance? Many people do not have long term care insurance. Even those that do have coverage often find themselves with monthly bills in excess of the policy benefits. Do you have a current policy and does it pay enough? Medicaid? In order to qualify for Title 19 Medicaid benefits in Connecticut you must satisfy some strict eligibility standards. Without a plan for action, your savings can dwindle away while you wait for benefits.
You can choose to protect your savings by exercising the rights you are entitled to under current law. The laws change however, and common proven techniques that are available now may not be available in the future or even next year. The legislature took additional steps to close another loophole effective July 1, 2007. The sooner you start the more choices you have.
The Title 19 Medicaid Protection Winter Workshop will give you an assessment of your risks and opportunities from an experienced attorney that has protected millions of dollars for his clients. Get a head start and act early, or face the spend-down later on.
You Should Reserve Your Free Consultation If Any Of The Following Apply To You:
- Your family currently faces or may face a nursing home placement within the next 6 years; or
- Your spouse resides in a nursing home; or
- You currently rely on a revocable living trust or annuities for Medicaid protection; or
- Your family has more than $50,000 in assets other than the primary residence.
When:
October 1-19, 2007
Monday, Wednesday, & Friday Appointments
9:30am, 1:30pm, and 4:30pm
Where:
Law Office of Richard L. Shea
66 Cedar Street, Suite 300A
Newington, CT 06111
Call 860-593-0404 to reserve your appointment.
This is the last opportunity to guarantee asset protection planning at year 2007 rates.
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Index Tags: asset protection, living trust, nursing home, title 19 medicaid
