1044 Franklin Avenue Suite 204 Garden City, New York 11530
Telephone (888) 888-5250 Fax (516) 294-4814 Email Support@Meadowbrookwealth.com
For a variety of reasons our firm is well versed in many complexities that face an aged population. Many times unknown consequences can devastate ones hard earned money or their home due to unforseen chronic medical expenses. Primarily these chronic medical needs require either, 1. Personal Care Assistant at home, 2. Assisted Living facility, 3. Skilled Nursing facility. The approximate costs for these can range between $3000 to $15,000 per month* and are not paid for by Medicare past a rehabilitation visit of up to about 90 days maximum. Aside from Long Term Care insurance, Hybrid policies or Life Insurance with an LTC rider, which can all be expensive, many people use the Medicaid system which is based on Eligibility rather than Entitlement. The laws and rules are very complicated with specific look-back periods during which assets can not have been transferred out of a persons name. There are different look-back periods for Community Medicaid vs Nursing Home.
The key is to examine pertinent issues well in advance and take appropriate actions to preserve ones assets. Call us to discuss your, or an aging family member's, particular situation (888) 888-5250
*these costs are approximate for Nassau County, New York which boasts just about the highest rates for these services in the USA. Actual costs, per competitive market forces may outlie the range per specific medical needs.
Copyright Meadowbrook Wealth Management, LLC As a Registered Investment Advisor, Meadowbrook Wealth Management, LLC aims to align appropriate securities within client investment accounts according to clients objectives, time-frames and risk tolerances. Due to the forward looking nature of securities, there is no assurance that goals will be reached or strategies effective. Accounts may gain or lose value. Not Bank Guaranteed. For complete disclosure regarding MWM, please carefully read our Form ADV-Part 2 and CRS.