Tag Archives: longterm care

The Future of Medicaid and Long-Term Care

Older adults who require long-term care often need to reduce their assets and rely on Medicaid to cover expenses. However, with current and potential future changes to Medicaid, access to the program for long-term care may become uncertain. In Lakewood, CO, long-term care insurance obtained through a broker like Colling Insurance Services, Inc., can help alleviate concerns about Medicaid.

Medicaid Is Still Available Now, but What About the Future?

Medicaid has long been a primary source of financial support for long-term care. However, budget cuts and the possibility of significant changes to the program mean that individuals must consider alternative ways to pay for care if Medicaid coverage becomes insufficient or unavailable. While some families may consider caring for older relatives themselves, the reality is that caregiving can be an overwhelming drain on both mental and physical resources, as well as financial resources.

Your family may not be equipped to provide the level of care required if your health demands professional or intensive support. In such cases, elder care facilities, including assisted living, memory care, or nursing homes, often become the safer and more practical option. However, these facilities are significantly more expensive than staying at home, raising the question of how to cover the costs.

Many people reduce their assets to qualify for Medicaid, which can help pay for residential care. But if Medicaid coverage is reduced or eliminated for long-term care, you’ll need an alternative plan to protect your financial future.

Long-term care insurance can cover a substantial portion, or even most, of the costs associated with long-term care, depending on the policy. While coverage limits may apply, working with a broker like Colling Insurance Services, Inc., in Lakewood, CO, can help you find a policy tailored to your projected care needs. This approach allows you to safeguard your assets while ensuring access to quality care.

Contact Colling Insurance Services, Inc., today to explore long-term care insurance options and secure your future. We proudly serve the Lakewood, CO, area.

Extended Care Requires Longterm Care Solutions

It’s never pleasant to require a visit to the doctor or even an overnight stay at the hospital. However, when the problems that require medical care go beyond a typical visit or the occasional overnight stay, these issues can become more than just an unpleasant event or situation. Long-term care solutions are available because sometimes extended care also requires extended help. These are a few reasons why people and families from in and around the Lakewood, CO area rely on the professional and friendly team at Colling Insurance Services Inc. for long-term solutions for their long-term needs.

Long-Term Care Solutions for Long-Term Care Needs

Although nobody likes to think about it, the truth is that preparation can make a world of difference when it comes to injuries and illnesses of the most serious nature. From having a plan in place to the comfort of knowing you have coverage for the care you might need today and for the many tomorrows to come, there is no replacement for the benefits of preparation and having a solution for your long-term care needs. No, we never want to need those plans, but we will be happy to have them if we ever do. That’s why working with proven and professional agents, like the caring and knowledgeable team at Colling Insurance Services Inc., is important.

Get Long-Term Care Solutions in Lakewood, CO

If you live in or around the greater Lakewood, CO area and have questions about long-term care or need long-term health insurance solutions, we can help. Contact us to learn more and get the care, coverage, and protection you need for all your long-term care needs at Colling Insurance Services Inc. today.