“Thought for the Day” #621 – by Stephen R. Elville, J.D., LL.M.

December 7, 2015

The Deficit Reduction Act of 2006 further shifted the burden of long-term care costs to the individual by making it more difficult to divest assets and still qualify for Medicaid long-term care benefits.  Downward pressure continues as Maryland struggles with its vastly inadequate home and community based services programs that are supposed to shift care away from the nursing home setting but are largely failing to do so.  It is essential that individuals and families fully examine long-term care insurance and long-term care hybrid-type products to protect their highest and best health interests and financial assets.