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How the Government is Helping You Buy Long Term Care Insurance

10/26/2015

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The old joke is, when you hear the words “I’m from the government and I’m here to help”, you should RUN!!!

That may be true in many instances but this time, there is something good to be found…really…I kid you not.

I discussed this very subject in my last show, #WickedInsuranceMatterswithGregDurette, heard every Wednesday from 9:30 - 10:00am Eastern Time!  Since we archive each show, you can listen to this episode right here:

http://www.blogtalkradio.com/wickedhousewivesofcapecodtoo/2015/10/21/greg-durette-with-wicked-insurance-matters-how-the-govt-is-helping-with-ltc  

The government started a little pilot program many years ago called the Partnership Program with just 4 States that has grown to include nearly every State.

What it does is provide people an asset exclusion incentive to go out and buy their own #LongTermCare insurance.  Simply put, buy a “qualifying” policy on your own, and they will exclude a large chunk of your assets that would otherwise need to be spent down to qualify for #Medicaid.  

After 32 years in the industry, I understand it can be very confusing to know which type of Long Term Care policy may be right for you…and the internet can make things worse.

So, this show got into the weeds a little bit to try and help you understand:

  • What types of Long Term Care policy types are available
  • Who should buy them
  • How much to buy
  • What to look for when making a purchase
  • What HYBRID policies are and how they work

The purchase of the right Long Term Care policy can have a positive, profound and life altering impact on you, your family and your heirs.  The purchase of the wrong could have an exponentially negative impact. 

You need to get the facts and get them right.  Start by listening to the show and get professional advice from folks like us at #FutureSecuredFinancial.  That can help you get started on your  “Guided Research”. 

So, why should you make listening to my show a regular part of your life.  Simply put, it is designed to help folks avoid situations like this and offer true, legitimate and impartial information about things like:

  •   #LifeInsurance
  •   #Annuities
  •   #LongTermCare Insurance
  •   #Disability Insurance, etc.

I, along with some other expert guests, will explain the myriad of choices found with these products and how you can apply your new found knowledge to your life situations.  Big things such as:

  •   #Retirement
  •   #Estate planning
  •   #College planning
  •   #Inheritance planning
  •   #Business applications
  •   #ElderFinancialAbusePrevention
  •   #SpecialNeeds planning and so much more

Water cooler conversation and what you heard from your cousin Vinny at the family picnic will simply not do. 

Feel free to use our show as your #DirtyLittleSecret as to why you are the smartest insurance person in the room.

Many people are shy or embarrassed to ask questions insurance.  They think they will look stupid or are the only ones that don’t know the answer.

Nothing could be further from the truth.  EVERYONE needs expert information when it comes to the subject of #Insurance.  Listen to our next show on Imagine Never Outliving Your Money! on 10/28 and get informed.

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    Greg Durette

    Future Secured Financial

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© Copyright 2024 Future Secured Financial. All rights reserved. The information presented is general in nature and not intended to be a complete explanation of the subject matter or a substitute for careful personal planning and research. In some instances the material specifically refers to elements of federal tax laws and regulations. The impact of any state or local taxes should also be considered. Future Secured Financial and/or or any of its affiliates are not engaged in rendering legal, tax, investment or accounting advice. Legal, tax, investment and accounting advice applicable to your own situation should be obtained from a qualified professional in said profession.  Future Secured Financial FL license #L097037. Gregory P. Durette FL license #E102523.  Please contact us for licensing information for other States throughout the country.

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