The Benefits of Hybrid Policies for Long-Term Care Estate Planning
Nursing home care costs can be outrageous should you become critically ill or injured. You might know from reading my blog articles or from reading my eBook UNDERSTANDING LONG-TERM CARE MEDI-CAL that Medicare would cover only a minimal amount of those costs. Moreover, Medi-Cal may only be part of the solution for you. Private insurance doesn’t seem like a good bet either if you’ve heard horror stories about skyrocketing premium costs and difficulties in even obtaining long-term care (LTC) insurance in the first place. There may be a better way. “Hybrid” policies essentially combine life insurance or an annuity with ... Read More
Should Your Children Pay for Your Health Care?
It’s not news that nursing-care is costing an arm and a leg for Americans and a crisis is looming. Costs can run, on average, over $10,000.00 per month in California. Hundreds of thousands of people presently need that kind of care and the numbers are rising. Ten thousand “baby boomers” a day turn 65, and it’s projected that seven of ten of those people will need long-term care. By astute Long-Term Care estate planning, Botti & Morison Estate Planning Attorneys, Ltd., reduces or eliminates the impact of such phenomenal costs on many families’ life savings. But many others who are ... Read More
