Governor Gregoire recently launched "The Need for LTC (Long Term Care)" awareness program in connection with the U.S. Department of Health's campaign. Its purpose is to increase consumer awareness about the need to plan for future LTC costs. For years, financial planners have urged clients to consider LTC insurance as part of their financial planning.
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The odds of needing LTC increase as you grow older and the cost of securing care continues to escalate. When you need LTC, will you be able to meet the expense?
If you can't pay and Medicaid pays, the state will put a lien on any property you own. Liens are a tool used by the state after your death to recover the Medicaid spent on your care.
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