Planning for Life

At What Age Should You Do Long-Term Care Planning?

Posted by Harry S. Margolis on April 12, 2016

By Harry S. Margolis

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Topics: long-term care planning, long-term care insurance, MassHealth

4 Ways to Protect Your House from MassHealth Estate Recovery: Part 1

Posted by Harry S. Margolis on December 15, 2015

By Harry S. Margolis

In most instances, you can own a home and still get MassHealth coverage of your health or long-term care. While MassHealth has strict income and asset limits on eligibility, in most cases it doesn't count the home against those limits. On the other hand, as I often say, while they don't get you coming, they will get you going. If you sell the house either during your life or upon your death, MassHealth will seek to recover its costs of paying for your care.

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Topics: MassHealth planning, long-term care planning, long-term care insurance

When is the Right Time to Purchase Long-Term Care Insurance?

Posted by Harry S. Margolis on March 10, 2015

By Harry S. Margolis

The other day, I met with a long-term care insurance broker who bemoaned the quicker timetable of estate planning attorneys as compared to the underwriting process for long-term care insurance (LTCI). He reported that in his experience most estate planners try to complete the process from first meeting to executing the ultimate documents in about five weeks. It takes longer than that for an application for LTCI to be approved or rejected by insurance companies who will only sell policies to healthy applicants.

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Topics: MassHealth planning, long-term care insurance

Bipartisan Policy Center Working on Long-Term Care Proposal

Posted by Harry S. Margolis on May 6, 2014

By Harry S. Margolis

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Topics: MassHealth, long-term care insurance, long-term care planning

5 Tips on Deciding Whether to Buy Long-Term Care Insurance

Posted by Harry S. Margolis on April 23, 2014

By Harry S. Margolis

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Topics: long-term care insurance

Millionaires on Medicaid? - Massachusetts

Posted by Harry S. Margolis on March 4, 2014

By Harry S. Margolis

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Topics: long-term care insurance, MassHealth, long-term care planning

LTCI - MassHealth Issues Clarified

Posted by Harry S. Margolis on November 5, 2013

By Harry S. Margolis

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Topics: long-term care insurance, MassHealth, MassHealth planning

How Much Do You Need to Retire? -- Massachusetts

Posted by Harry S. Margolis on October 15, 2013

By Harry S. Margolis

How much money you need "in the bank" when you retire depends on many factors, including the following:

  • Living standards. How much money will you need each month to live the way you want to live? Does that include travel? A second home? Gifts or support to children and grandchildren? Create a budget as a starting point, and then assume that it will increase at least 3 percent per year to account for likely inflation.

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Topics: long-term care insurance, Estate Planning, Retirement Planning, MassHealth planning

Should I Buy Long-Term Care Insurance?

Posted by Sarah Foster on August 7, 2013

By Sarah Foster

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Topics: long-term care insurance, nursing homes

Buy Long-Term Care Insurance with Long Elimination Period

Posted by Harry S. Margolis on April 11, 2013

By Harry S. Margolis

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Topics: long-term care insurance

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