What are the options for paying for long-term care?
A. Private pay certainly could be an option for those who can afford it and may not be concerned with leaving assets to heirs. Another option is long-term care insurance which should be bought very carefully and with the advise of an objective professional with knowledge of Medi-Cal LTC. We recommend a LTC insurance company that allows you to keep control of your assets and allows you to receive your money back if the policy is never activated by nursing or assisted living care. Another option is to prepare and allocate your assets in a way that if you do ever need nursing home care, Medi-Cal qualifying can be done efficiently and with little or no consequences to the estates value.
