Protect Your Assets

	PAUL'S BOOKSHELF http://www.cswnet.com/~ptmbsm

	HOW TO PROTECT YOUR ASSETS FROM THE CATASTROPHIC COSTS OF NURSING HOME CARE Could these Financial Horrors Happen To Your Family? Case #1. James Mattingly owned Eli Lillu stock, a savings account, CD's, and life insurance of cash value - but spent almost all of it on nine months or nursing home care before Medicaid would help out. Today, Mary Ann, his wife, depends on food stamps. Case #2. Anne Indergaard bought a long-term insurance policy from a well-known company expecting it to pay nursing home bills if ever needed. Six months later, she was forced to enter a home. However, the insurance company found an obscure loophole and canceled her policy. Case #3. Viola Holland paid an annual premium of $1505 to another company of very high credentials. On admission to a nursing home, however, the policy was rescinded and premiums returned. Again, the small print paid off - for the insurance company, not Viola. These tragic stories go on and on. Long-term nursing care insurance is in shambles, almost completely unregulated, virtually useless, Medicare won't pay unless the patient is destitute. But 9 of 10 families will be affected by the devastation of long-term illness - and possible financial ruin. There are ways to defend yourself, your spouse, your parents, and your children from losing their savings, home, car, and personal belongings. For your own protection, you need to review this program now. It's the absolutely disastrous cost of long-term nursing care, the fact that costs are increasing, that insurance is worthless, that the state and federal regulations are in shambles, that in order to get any help whatsoever, the patient has to be destitute, that it can cost everything you own. This information is not to scare you; it's to alert you. Like most people you may not know how bad this insidious problem really is and how it almost certainly will affect you. For example: Prices of health care are rising three times faster than salaries. - Changing Times Businesses are shifting more of the costs to employees. - Changing Times Medicare is running out of health care funds. - Consumer Research Many destitute retirees (under Medicaid) were in the middle class until long-term care costs drove them into poverty. - Ibid Hospitals are "dumping" higher cost patients by transferring them or discharging them early ("quicker and sicker"). - American Society for Internal Medicine Survey of Members Medicare covers only %2 to 4% of nursing home costs. - Hospitals Long-term care runs as high as $200,000. - US Dept. Health and Human Resources In other words, if you or a member of your family is hit by long-term nursing care, you could find your assets gobbled up by the nursing home monster. However, there are ways out. But you must know these ways and act now. Timing is vital. While it is on your mind, order "Protect Your Assets From the Costs Of Catastrophic Illness and Nursing Care". It is available for 30 days inspection at no risk to you. A down-to-earth, fact-filled, practical 365-day planner that may save you and your thousands of dollars. Most of us do not like to think about the possibility of landing in a nursing home. But one out of five people do so before the age of 65. One in eleven will spend at least five years in a nursing home. This could be you, your spouse, your parents, or any member of your family. And the cost? - sky high! A year in a nursing home averages $22,000 or more. It will probably soar to $55,000 in 20 years (according to Parade Magazine). Medicare pays almost nothing. Medicaid helps but you have to be practically destitute to qualify. Private insurers skirt close to rip-off because enforced standards are virtually non-existant. The public is at their mercy. Annual long-term premiums run $312 at age 50 - but zoom to $2,772 at age 79, according to the Health and Insurance Association of America. Worst of all, industry experts and policyholders are concerned about a looming financial crisis according to the Los Angeles Times. You are almost completely on your own. But not entirely. Because now there is a guide that explains all the rules and provisions of Medicaid, Long-term Insurance, Health-Insurance, Selecting a Nursing Home, your rights as a resident, the "Living Will" and even "Durable Power of Attorney." For example, the planner explains step-by-step how to transfer assets without being penalized by Medicaid. You'd better know exactly what you are doing! A 13-page section on "How to transfer Assets" examines this from every angle. It discusses the severe penalties of noncompliance and four favorable exceptions. It lists exempt assets and gives illustrations. You might want to buy a new, larger house! Or pay off your mortage. Or purchase a burial plot. Surprisingly, you may find Joint Tenancy is a terrible pitfall. These are a few of the things the planner explains in detail. But the complications don't stop there. Different states have different rules - and the guidebook tells you what they are. What About Long-term Care Insurance - Good or Bad? Long-term Care Insurance is a new product offered by more than 100 companies and will help you meet expenses. But no policy offers full coverage and you had better know right now what to look for in the fine print. Some policies exempt Alzheimer, Parkinson, and Cancer disease. They may or may not cover strokes, heart disease, and other debilitating conditions. The planner helps you with a 5-page factual chart naming typical insurers, their annual premium costs, benefits offered, waiting periods, etc. With this information you can compare policies and make a more intelligent choice. How To Select A Nursing Home Entering a nursing home is a heart wrenching decision. But 8 million Americans will need long-term within a short year or two. For this reason, this guidebook gives you a 59-point checklist to use in choosing a nursing home. It covers all the facets from licensing and certification to meal menus. Even recreational facilities and supervision are discussed. "Living Trusts" is one section that may save you fantastic sums. Not many lawyers know about Revocable Living Trust - and oftentimes there is a conflict with their own interests. This trust is not probated; and you keep 100% control of your assets at all times - while you live and afterward. The planner has 20 chapters plus an appendix. It tells you exactly where to get additional information if needed - with addresses and phone numbers. It lists carrier clam addresses by state; shows a typical Living Will Declaration, Directive to Physicians, 115 companies selling long-term care insurance, a sample Power of Attorney for Health Care and much more. Case #4. July Worn's mother developed Alzheimer's disease. She found out that the government would not help pay for home care but would pay for nursing home care - only if her mother's income was at poverty level. That didn't take long. In three years, July's and her mother's assets were exhausted. Inspect the Planner for 30 days at home! This gives you time to read, absorb, check sources for accuracy and decide whether to keep the planner. We will rush one copy of the 356-page "Protect Your Assets From the Costs Of Catastrophic Illness and Nursing Care" at an introductory price of $29.95 (reg. $39.95) plus a postage and handling fee of $3.00. Super buy, order a second copy for half price. Same refund guarantee. The majority of people will need long-term nursing home care for themselves or some member of their family. The costs can be disastrous unless you take certain steps now. Request your Planner now. It may be the best investment you ever made!

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