Our Free Estate Planning Seminars in March have just been posted on our website https://www.sinclairprosserlaw.com/seminars/ for Waldorf, Chesapeake Beach, Bowie, Edgewater and Maryland. It's not too early to register as many of our locations have limited seating and will fill up fast! Visit https://www.sinclairprosserlaw.com/seminars/ and register today! … [Read more...] about Free Estate Planning Seminars in March
A statement that I often hear while on a cruise is “Instead of living in an assisted living community, I will live my retirement years on a cruise ship.” Although that is a fun idea, it is not very practical and does not work for everyone. Let’s consider retirement life on a cruise ship. On the plus side all your meals are prepared, your towels and sheets are changed every day, and your bed … [Read more...] about Retirement Life On a Cruise Ship
"Retirement On a Cruise Ship" by Attorney Colleen Sinclair Prosser … [Read more...] about Retirement On a Cruise Ship (Audio)
"Continuing Care Retirement Communities" by Attorney Jon J. Gasior … [Read more...] about Continuing Care Retirement Communities (Audio)
When considering how you will pay for nursing home costs, most people think of the following sources of payment: their income, their assets, maybe Medicare, maybe Medicaid and long term care insurance. They are certainly correct in thinking that their income and assets can pay for a nursing home. Long term care insurance will often pay depending on the policy coverage. Medicaid will pay for … [Read more...] about Does Medicare Pay for Nursing Home Costs?
Health care reform is one of the biggest topics in the news lately but Americans buy a whole range of insurance products these days. Car insurance, homeowner’s insurance, health, dental, life insurance, even pet health insurance. It is important to also examine another insurance product out there: Long term care insurance. Assisted living and nursing home care is something that most people do … [Read more...] about Do I Need Long Term Care Insurance?
"Do I Need Long Term Care Insurance?" by Attorney Jon J. Gasior … [Read more...] about “Do I Need Long Term Care Insurance?” (Audio) YOUR ESTATE MATTERS
As the baby boomer generation begins to retire, the concern about the need for long-term care increases. Long-term care is expensive. In Maryland, the average costs are as follows:* Avg. Daily Nursing Home Rate : Private $ 258 Avg. Daily Nursing Home Rate : Semi-Private $ 235 Avg. Monthly Cost in Assisted Living Facility: $ 4092 Home Health Aide Average … [Read more...] about Paying for Long-term Care in Maryland
Long-term care insurance is what the name implies insurance to cover the cost of care in a long-term care facility such as nursing home care. Nursing home care is not covered by Medicare and most other insurance policies. Medicaid will cover the costs of long-term care but require the dissipation of assets to become eligible. Long-term care insurance allows you to maintain your assets and have … [Read more...] about Long-term Care Insurance: The basics