Many states are asking consumers to become responsible for their own long term care.  Long term care usually involves becoming a resident of a nursing home.  But, if properly planned, it can involve being a resident of your own home and receiving care.  Most believe that the government will take care of them when they get old and run out of money.  The program called Medicaid has become stricter.  Persons must spend down assets and have substantial health issues to qualify. Many states have instituted a “partnership program” that utilizes long term care insurance to provide long term care services. Individuals participating in the program who expend all insurance dollars can then retain financial resources (not income) if the need arises to apply and qualify for Medicaid services.  Is this asking too much?  Not really.  It’s placing responsibility for care on the individual versus taxing society to pay for care.

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