Having served thousands of families, we have been asked countless questions about long-term care and asset protection. Below is a list of the more common questions we get asked. If you don’t find an answer you’re looking for, please message us your question and we’ll get back to you right away!
- Why should I worry about long-term care?
- Won’t Medicare and my health insurance cover long-term care?
- What about Obamacare? Won’t that cover long-term care?
- I hear that I can keep my home and still get Medi-Cal benefits. Is that true?
- When should I start planning for long-term care?
- What is the Entitlement program?
- Isn’t Medicaid for poor families only?
- Why have I never heard of the Entitlement program before?
- The Entitlement program sounds too good to be true. How real is this?
- Can I go down to my local Medi-Cal office to find out more about this Entitlement program?
Why should I worry about long-term care?
Medical care costs is the number one cause of bankruptcy in America today, and among seniors, those costs will come primarily from long-term care, such as nursing care. Because most seniors fail to properly plan for long-term care, they are forced to “spend down” their assets and savings in order to pay for it. And because long-term care is very expensive, assets and savings disappear fast. This is the biggest threat to our quality of life during retirement and to our family legacies and inheritances. Barron Ross specializes in a special kind of asset protection that helps families plan for long-term care. All too often, we hear tragic stories of entire family estates disappearing because of spend-down. But through our work, we have helped thousands of families avoid such a tragic ending. ▲ Back to Top
Won’t Medicare and my health insurance cover long-term care?
No. Basic health insurance only covers medical needs, and only for a short period of time. And Medicare only covers rehabilitation and post-acute care, and short hospital stays for up to 100 days. However, long-term care often lasts for several years (the average stay in a nursing home is 28 months), and long-term care is not always medical in nature (it can be as simple as getting assistance in preparing meals, bathing, walking, and other everyday tasks). Unfortunately, most people don’t know these details. By understanding them now, you are well ahead of the curve. ▲ Back to Top
What about Obamacare? Won’t that cover long-term care?
No. Obamacare (also called The Affordable Care Act) tried to address long-term care through a special law called the CLASS Act (Community Living Assistance Services and Supports), which would have created a program to pay for long-term care. But the CLASS Act quickly fell apart when lawmakers realized that the program was not viable because of how expensive long-term care is. As it stands now, all citizens are now left to figure out how to deal with long-term care on their own. Knowing what to do can be difficult, but you don’t need to tackle this challenge alone. We are here to help. ▲ Back to Top
I hear that I can keep my home and still get Medicaid/Medi-Cal benefits. Is that true?
Yes, but there are some factors to consider. For example, if you are receiving in-home care, or if your (healthy) spouse is still living at home while you are in a facility, you are indeed allowed to keep your home. However, upon your death, or the death of your spouse if you are in a facility, the State government has a federal mandate to seize your home in order to recoup the benefits you received. This is called Medicaid Estate Recovery. But with proper planning, you can protect your home from government seizures and ensure that your home remains firmly with your family. Barron Ross’s expertise in asset protection includes this specialized area of dealing with Estate Recovery. ▲ Back to Top
When should I start planning for long-term care?
It’s best to have a plan ready before retirement so that you can live your golden years with peace of mind. According to top financial planners, no retirement plan is complete without considerations for long-term care. There are three main ways to pay for long-term care: (1) out of pocket, (2) long-term care insurance, and (3) the Entitlement Benefits program. When it comes to asset protection and safeguarding your family legacy, the Entitlement Benefits program is often the best alternative. Barron Ross specializes in helping families access the Entitlement Benefits program. We have a perfect 100% success rate in helping families get access. ▲ Back to Top
What is the Entitlement Benefits program?
The Entitlement Benefits program is part of Medicaid and was signed into law under the Social Security Act of 1965. Just like Social Security itself, we as taxpaying citizens are entitled to these benefits because we have already paid into them through a lifetime of payroll contributions from taxes. Unlike insurance, these benefits cannot be legally denied for health reasons. But getting access to these benefits is a time-consuming chore because there is a ton of paperwork to fill out and a lot of government bureaucracy to deal with. Barron Ross has qualified specialists who work specifically in this area. We handle all the paperwork and we know how to navigate through all the government rules and regulations to get access. ▲ Back to Top
Isn’t Medicaid/Medi-Cal for poor families only?
This is the general perception most Americans have, but Medicaid (known as Medi-Cal in California) is a much larger program beyond just providing benefits for low-income families. It also provides many other kinds of benefits, including the Entitlement Benefits for long-term care. In fact, Medicaid covers more than 60% of the nursing home residents in America. The truth is, Medicaid has become the de facto program that middle and upper-middle class families rely on to pay for long-term care. According to LTC News & Comment (June 1995), President Clinton stated during a White House Conference on Aging that
Medicaid is primarily a program for the elderly and disabled. ▲ Back to Top
Why have I never heard of the Entitlement Benefits program before?
The government has no obligation to inform or educate anyone about their benefits. That way, the government gets to keep more of the money they take from you in taxes. Think about your income taxes. The government gives you no help or advice on proper tax planning that will lower your taxes and maximize your income. Why then would they even consider telling you about how to plan for long-term care? ▲ Back to Top
The Entitlement program sounds too good to be true. How real is this?
Very real. Because it’s part of the Social Security Act of 1965, it’s a law that is recognized and enforced, which means that as a taxpaying citizen, you are rightfully entitled to these benefits. The proof is also in Barron Ross’s track record of success. We have helped over 10,000 families safeguard their assets, and we have a perfect 100% record in helping families access these Entitlement Benefits for long-term care. But laws do change. We have all seen how tax laws change regularly depending on who is President or which political party controls the Senate. This is why we encourage every family to get in touch with us in order to learn how to access Entitlement Benefits now before changes in the law make it more difficult to do so in the future. ▲ Back to Top
Can I go down to my local Social Security office to find out more about this Entitlement Benefits program?
You absolutely can, but be prepared to sort through a ton of paperwork and deal with lots of government bureaucracy. Remember, as with taxes, the government is not obligated to educate you or do your planning for you. If you do decide to apply on your own, you must take great care in filling out all the paperwork, before and while you receive benefits. This is extremely time-consuming, and any mistake can potentially delay your access to benefits by weeks or months. Just as how advanced tax planning is best left to experienced and qualified tax planners, applying for Entitlement benefits is best left to professionals who specialize in this area. Barron Ross has qualified specialists who have worked in this area for over 15 years, helping families protect their homes and preserve their assets. Barron Ross is dedicated to this work, and we are ready to serve your needs. ▲ Back to Top