As previously discussed, Governor Quinn’s proposed $2.7 billion Medicaid cut has many that follow nursing home care — both patients and facilities alike — rightly concerned.
It’s certainly reasonable to worry how many of us will pay for our necessary care once we can no longer care for ourselves.
With this in mind, a Chicago Tribune Article provides a good breakdown of the pros and cons of buying long-term care insurance. As the article notes, a good long-term care plan is something that can, and should, “fill in the gaps” for things such as daily living activities that Medicaid may not cover — particularly if the proposed cuts go through.
Like all insurance policies, it is a serious decision that deserves careful consideration, but this article is an interesting read and a good starting point for the many that are concerned with potential Medicaid cuts and how it might affect them and their families.
You can contact us here 24/7/365 (and we really mean that as we will answer our phone) if you have anyquestions and to learn how we may be able to help you or your loved one who has been a victim of nursing home abuse or neglect – in particular, you will find that we listen, take your phone calls and e-mails (and even text messages!). We would be honored to help you with your matters – large or small.