How to protect your life savings from catastrophic illness and nursing homes: A handbook for financial survival - Softcover

Gordon, Harley

Softcover

ISBN 10: 0962566713 ISBN 13: 9780962566714

Publisher: Financial Planning Institute, 1991

Synopsis

How To Protect Your Family's Life Saving from Catastrophic Illness helps families protect assets both when there is time to plan through the use of long-term care insurance and in a crisis. This book gives you the latest information about how: Long-term care is financed including an in-depth look at why Medicare, the VA, and Medicaid will not pay for your care, to properly evaluate long-term care insurance, to choose an elder law attorney and insurance professional, to protect life savings in a crisis.

About this title

About the Author:

Attorney Harley Gordon is nationally recognized as a leading authority on long-term care issures. He is a founding member of the National Academy of Elder Law Attorneys, the country's leading association dealing with legal issues affecting the elderly and their families, McKnight's Long-Term Care News recently voted him one of the 100 most influential people in long-term care.

His views have been featured in numerous sonsumer and trade publications including the Wall Street Journal, Senior MarketAdvisor, National Underwriter, The Today Show, the PBS Front Line Program "who Pays for Mom and Dad" and the CBS Evening News.

From Library Journal:

The repeal of the Medicare Catastrophic Coverage Act earlier this year leaves the question of paying for long-term health care unresolved and as confusing as ever to the consumer. The Complete Medicare Handbook is an expanded version of government pamphlets on the subject. Edited by the program director of the Health Insurance Counseling and Advocacy Program, it is a focused summary of services offered by Medicare; how to submit claims; deciding to purchase supplemental health insurance coverage; and dialysis and hospice benefits. A lawyer and founding member of the National Academy of Elder Law Attorneys, Gordon offers a variety of means in this book to achieve one goal: to avoid spending family assets on long-term care. He explains the basic principles of Medicare financing, including countable and noncountable assets, trusts, and the Spousal Impoverishment Act. He presents family scenarios requiring either immediate or long-term planning and provides options to protect " . . . a lifetime of accumulated assets" from the enormous costs of nursing home care. Advice for choosing a lawyer experienced in Medicare law is included, along with state-by-state charts of income allowances. Although both books are easy to read, with attractive formats, the Medicare Handbook offers little information that can't be found elsewhere, including the government's own publications. And although Gordon's book is somewhat alarmist in tone, it explains clearly some of Medicare's most complex inscrutabilities. --Karen McNally Bensing, The Benjamin Rose Inst. Lib., Cleveland
Copyright 1990 Reed Business Information, Inc.

About this edition

• Publisher: Financial Planning Institute
• Publication date: 1991
• ISBN 10: 0962566713
• ISBN 13: 9780962566714
• Binding: Paperback
• Edition number: 2
• Number of pages: 281