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Updated Medicaid Asset Transfer Rates – 2008

By: Bernard A. Krooks, Certified Elder Law Attorney® Unfortunately, Medicare coverage of long-term care is extremely limited and subject to significant restrictions. Thus, if one of us or a loved one gets sick and requires long-term care we must either pay out-of-pocket or rely on Medicaid. One way to minimize the burden of paying out-of-pocket is to purchase long-term care insurance. This can help assist with the cost of care …

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