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This NY Times article highlights a potentially-abusive way that nursing homes can force families into court to pay even disputed bills. Families with solid legal documents and financial resources could be at risk of this heavy-handed practice. Unlike "filial responsibility" laws in 29 states that allow a creditor to go after other family members to pay a senior's bills, using guardianship as a financial tool seeks to take over the disabled individual's own financial resources. "... one day last summer, after [her husband] disputed nursing home bills that had suddenly doubled Mrs. Palermo’s copays, and complained about inexperienced employees who dropped his wife on the floor, Mr. Palermo was shocked to find a six-page legal document waiting on her bed. "It was a guardianship petition filed by the nursing home, Mary Manning Walsh, asking the court to give a stranger full legal power over Mrs. Palermo, now 90, and complete control of her money. "Few people are aware that a nursing home can take such a step." A well designed and funded long-term care plan is a crucial part of every retirement plan.
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"Medicare in 2015: The Huge Healthcare Expense It Won't Pay"An excellent article from the folks at The Motley Fool about long-term-care, how Medicare only pays for limited, short-term services, and why LTC insurance is a critical purchase for retirement.
"Most traditional insurance, including medical and disability insurance, follow Medicare's rules in limiting coverage to those whom are medically necessary and involved skilled, short-term care. Even supplemental Medicare policies typically only cover the $157.50 copayment for covered services and provide nothing for long-term care." [Emphasis added] Click this link to read the full article... http://www.nasdaq.com/article/medicare-in-2015-the-huge-healthcare-expense-it-wont-pay-cm429193 |
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Comfort Long Term Care is an independent insurance brokerage agency specializing exclusively in LTC insurance. Agency owner, Bill Comfort, The LTCpro® is a LTC specialist celebrating 30+ years of experience since 1991! We are based in the Raleigh, Durham, Chapel Hill, North Carolina Triangle region, but we serve clients throughout NC and across the country. We also have an office in St. Louis, Missouri.
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