Long Term Care Plans

If you are placed in long term care, it is important to use Trusts, Transfers, or Annuities to ensure that costs will be covered In the case of a Trust, which will help get you within Medicaid's asset requirements. With a Spousal Transfer, an ill spouse can qualify for benefits while still receiving financial support from the other spouse. An Annuity is an insurance policy that gives the holder income. These will help pay for Medicaid expenses while still allowing beneficiaries to retain any transferred assets.