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Medicaid Asset Security Trusts 101 888011000 110888 MoneyTipsYou may have saved vigilantly for retirement and handled your money well, but in the end, long-lasting care expenses can derail your plans and quickly exhaust your savings and other assets. According to LongTermCare.gov, average costs for 2010 were $6,235 and $6,965 per month for semi-private and private spaces in assisted living home, respectively. For the number of years can you afford to pay in the $75,000-$85,000 variety for your care? A one-bedroom assisted living facility is a bit less expensive, at $3,293 monthly on average (2010 values), approaching $40,000 annually. Considered that long-term care averages 2.2 years for men and 3.7 years for females, the chances are that you have insufficient resources to meet your long-term care requirements. Medicaid Is an Option Long-lasting care insurance is an alternative, however it is expensive and has constraints. Fortunately, Medicaid exists to get the rest of long-lasting care costs– however to become qualified for Medicaid, you can only have a …

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You may have conserved vigilantly for retirement and managed your cash well, however in the end, long-lasting care costs can derail your plans and rapidly tire your savings and other possessions. According to LongTermCare.gov, typical costs for 2010 were $6,235 and $6,965 per month for semi-private and private rooms in assisted living home, respectively. For the number of years can you pay for to pay in the $75,000-$85,000 variety for your care?

A one-bedroom assisted living facility is a bit cheaper, at $3,293 monthly typically (2010 worths), approaching $40,000 each year. Given that long-lasting care averages 2.2 years for men and 3.7 years for women, the odds are that you have inadequate resources to satisfy your long-term care requirements.

Medicaid Is an Alternative

Long-lasting care insurance coverage is an alternative, but it is costly and has limitations. Fortunately, Medicaid is there to get the remainder of long-lasting care costs– but to end up being qualified for Medicaid, you can just have a …

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