Medicaid - The Ticking Time Bomb

Medicaid is the primary payor of long term care services in the United States.  Unfortuneately, the convergence of an aging population, financial strains placed on states by the current economic downturn, and health care reform's mandate for increased access to care will effectively overwhelm state-administered Medicaid long-term care  programs.  This is according to "Medicaid Long-term Care: The Ticking Time Bomb," a new paper by the Deloitte Center for Health Solutions, part of Deloitte LLP. 

What can you do?  For many, long term care insurance may be a solution.  And the sooner you act the better, as premiums increase with age as does the risk of developing a medical condition which would preclude coverage.  If you would like to discuss your options for paying for long term care, please contact us.