I’m constantly surprised by the numbers of people I talk to about
LTCI who have the assets to comfortably pay for a policy but who
ultimately decide to take their chances with the Medicaid system if
they exhaust their assets and still need care.
of reliance on government programs to bail people out of tough
financial situations may have worked in the past, but there are ever
increasing signs that it will be very risky business in the future.
are already starting to see many facilities who decline participating
in the Medicaid program altogether due to the fact that funds provided
for Medicaid patients are often less than what is needed for providing
their care. And this is before the baby boomer generation begins to
retire and place an even greater strain on the Medicaid coffers in the