An important aspect of estate planning is planning for your retirement years. Doing so requires you to do more than just stash as much money away as possible – though saving money certainly is important. Planning for your retirement years should also consider the very real possibility that you, or a spouse, will need long-term care at some point. That possibility may have you considering the … [Read more...] about Should I Purchase Long-Term Care Insurance?
A well thought out and successful estate plan should do much more than simply determine how your estate assets are distributed after you are gone. One additional component that should be included in your estate plan is a long-term care planning component. To help you understand why, a Waldorf Medicaid planning attorney at Sinclair Prosser Gasior offers five reasons why Medicaid planning is … [Read more...] about The Importance of Medicaid Planning
"Medicaid Planning for Married Couples" by Attorney Laura Curry (Audio) Medical assistance in Maryland is provided through a joint federal-state program that can pay for care in a nursing home or rehabilitation facility for low-income individuals of all ages. It is important to know and understand the Maryland Medical Assistance, or Medicaid Eligibility Rules when thinking about planning for … [Read more...] about Medicaid Planning for Married Couples
"Can You Give Away Your Wealth to Get Medicaid?" by Attorney Laura Curry Medicaid is the single largest source of health coverage in the United States and is administered by states, according to federal requirements. It provides health coverage to millions of Americans, including eligible low-income adults, children, pregnant women, and people with disabilities. Medicaid is a means-tested … [Read more...] about Can You Give Away Your Wealth to Get Medicaid?
"The High Cost of Long Term Care in Maryland - Genworth Report" by Attorney Jon J. Gasior The cost of long term care is one of the most significant costs that a family may face in their lifetimes. Each year, Genworth conducts a survey to attempt to gather the most up to date cost of care estimates all over the country. When planning for long term care expenses, it is important to know exactly … [Read more...] about The High Cost of Long Term Care in Maryland – Genworth Report
I met Regina Green 35 years ago. She was 65, recently retired and was my husband Les’ grandmother. She recently passed away at the age of 100. There are many memories I have of her but what I want to share with you today is where she chose to live the last 35 years of her life. Regina was married to Charles Green, a Baltimore City police officer. They were married for over 50 years. … [Read more...] about Aging Gracefully
"Aging Gracefully" by Attorney Colleen Sinclair Prosser … [Read more...] about Aging Gracefully
Continuing Care Retirement Communities (CCRC) are a unique option when it comes to long term care. When considering this option you will want to be familiar with how they work. CCRC’s provide an alternative to other long term care options. Typically residents pay a large entrance deposit, generally between $100,000 and $300,000 and upwards of $1 million. This large deposit buys the resident a … [Read more...] about Continuing Care Retirement Communities
"Continuing Care Retirement Communities" by Attorney Jon J. Gasior … [Read more...] about Continuing Care Retirement Communities (Audio)
It is important to remember the Maryland Medical Assistance, or Medicaid Eligibility Rules when thinking about planning for long term care. In order to qualify for Medicaid, a single person can have no more that $2500 in countable assets. At first glance, this number is alarmingly low. You may be asking, how can anyone ever qualify with such a low figure? That is where Medicaid planning … [Read more...] about Medicaid Eligibility Rules in Maryland