how to pay medical bills

More on Medi-Cal

In my previous post, I was sharing a resource for Medi-Cal information if someone needs additional help in caring for a loved one and doesn’t have medical insurance or savings to cover the costs of care.

Plus, another option is to apply for a Reverse loan if the homeowner is at least age 62.   This way they can utilize the money they would receive from a Reverse mortgage to pay for their care and medical expenses.

The Title stays in their name, the Lender never takes over the property and it goes to the estate  (heirs) when the last borrower “leaves” the property.   Plus they will have the benefit of a mortgage tax deduction when the heirs pay off the loan by refinancing the property or selling it.

But I digress.   Here is the remainder of the article that I partially shared in the previous post.

“My firm, the Estate Planning Law Center, is dedicated to helping families who are overwhelmed or confused by all the decisions they have to make when they have a loved one in or about to enter a nursing home. If your situation is similar, we can help with little-known strategies that can protect you and your family.

It’s never too late! If your spouse or loved one is in a nursing home, with the right tools, and using my knowledge of the law and strategies that have been successful in the past, we may be able to…

•    Reduce or even eliminate your nursing home bills;
•    Protect your lifesavings and financial security;
•    Increase the amount of income you get to keep;
•    And safely pass on an inheritance to your children.

I can explain some of the strategies that smart families use to protect their loved ones right now. If you would like to discuss how this type of planning might benefit you more specifically and in greater detail, please give me a call. I’ll be happy to answer any questions you might have.”

Richard M. Seff                                     818-292-8160

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