DCG
Insurance Services

   Phone: 678-494-4211    Fax: 678-494-8012  

 
 



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Long Term Care

The Issue of the Future
is now

The Issue of Today

LTC 2001

 

Transferring Assets to Qualify for Medicaid
                   
Is it really a good idea?

l    Criminal Offense if done to falsely impoverish oneself

l    Divorce

l    Mis-use of Funds

l    College Financial Assistance

l    Change in Look-back periods  (36/60 mo.)

l    Lose Control

l    Financial Difficulties

l    Lawsuits

l    Early Death of Child

 

Number of Workers Decline
The government can no longer afford to pay the bills!
 

      Worker to Social Security Recipient Ratios          

 

1935        40  to 1

 

1989       3.4  to 1

 

2020       1.8 to 1

 

 

Ave Wave, Kenneth Dychtwald, Ph.D. and

Joe Flower, Bantam Books, 1989

 

 

Will my major medical policy cover
my long-term care?
 

No. 

  • Major Medical insurance is designed to cover health care services provided to us for accidents and illness…from which we expect recovery.

  •  Major Medical Insurance generally does not provide custodial services to us while we recover, whether short term or long term.

 

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