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Friday, June 29, 2018

3 Surprises To Watch Out For When Paying For Long-Term Care

The following is a guest post.  This post does not necessarily reflect the views of Suzanne and David E. McClendon, Sr. or Manian Debil Productions.


3 Surprises To Watch Out For When
Paying For Long-Term Care
More than 70 percent of Americans over the age of 65 will need long-term health care services, according to the U.S. Department of Health and Human Services. Yet, according to the Employee Benefit Research Institute, only 13 percent of those who received professional home health care had long-term insurance policies, which can protect seniors from high out-of-pocket costs.
“There is a wide gap of people without long-term care insurance (LTCI), and some of the alternatives carry little-known laws and legal liabilities that can pose a problem to the care recipient and their family, says Chris Orestis, Executive Vice President of GWG Life (www.gwglife.com) and author of the books Help on the Way and A Survival Guide to Aging.
“The growing long-term care funding crisis has brought lawsuits and mandated claw-back actions against families in attempts to recover monies spent on long-term care,” Orestis says.  “There is a growing need for consumers to consider all their available financial options to fund long-term care, and that can include selling a life insurance policy.”
“Often the weight for long-term care falls on the family, and they need to avoid a financial surprise that can come late in life for their loved ones.”
Orestis shares three key things people should know about alternative ways of covering long-term care and possible problems those can present down the road:
  • States can sue for Medicaid recovery of LTC. Many families assume that once a senior is approved for Medicaid coverage of long-term care, the only thing left to worry about is maintaining financial and functional eligibility. “You’ve proven that a loved one cannot afford the level of care they require, but that doesn’t mean there isn’t anything left to worry about in terms of covering and repaying costs,” Orestis says. The Omnibus Budget Reconciliation Act of 1993 requires states to implement a Medicaid estate-recovery program, which allows states to sue families via probate court to recover Medicaid dollars spent on a family member’s long-term care. “A report by the Office of the Inspector General showed that Medicaid, the primary source of long-term coverage, recovers hundreds of millions of dollars from families every year,” Orestis says. “But as budget pressures on states increase, estate-recovery actions are likely to become even more aggressive.”
  • Watch out for withheld information on life insurance. Selling or borrowing against a life insurance policy in the secondary market, a process called a life settlement, is a way to help people find alternative funding sources for long-term care. “A number of states have passed legislation mandating consumer disclosure about the secondary market before their policies will be allowed to lapse,” Orestis says.
  • Be aware of filial responsibility laws. “These impose a duty upon adult children for the support of their impoverished parents and can be extended to other relatives,” Orestis says. “These laws can include criminal penalties for adult children or close relatives who fail to provide for family members when challenged to do so. Attorneys for nursing homes are testing the laws by filing lawsuits on behalf of indigent parents to recover funds.” Currently, 28 states and Puerto Rico have filial responsibility laws in place.
About Chris Orestis
Chris Orestis, Executive Vice President of GWG Life (www.gwglife.com), has more than 20 years of experience in the insurance and long-term care industries and is nationally recognized as a healthcare expert and senior care advocate. He is a former Washington, D.C. lobbyist who has provided legislative testimony; the author of two books: Help on the Way and A Survival Guide to Aging; a frequent columnist with a currently popular series titled "The Healthcare Hunger Games"; and has been a featured guest on over 50 radio programs, in The New York Times, The Wall Street Journal, USA Today, Kiplinger’s and Investor’s Business Daily, and on PBS as well as numerous other media outlets.

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Warriors in Mr. Lincoln’s Army: Native American Soldiers Who Fought in the Civil War by Quita V. Shier ISBN: 978-1-5320-2716-1

By now you have seen many books that would be a great addition to your genealogy library. You may be thinking, “Where am I going to put another one?”  Warriors in Mr. Lincoln’s Army: Native American Soldiers Who Fought in the Civil War by Quita V. Shier is one of those books you will be glad you made room for on your shelf.

This book is very well-researched. It is broken down by each individual who served in Company K. The author provides as much information on each person’s life story as could be found.

The great thing about Warriors in Mr. Lincoln’s Army is that you could read it from cover to cover and love it.  You could also just flip to a particular person’s story and find out all there is to know about that person.

Along the way, you will also learn about the conditions at hospitals, prisons, and on the field.

If you are at all interested in the War for Southern Independence, you will want to add Warriors in Mr. Lincoln’s Army to your “To be read” list.

Five Star Review


We give this book all five stars. It is very well-written and extremely well-researched.



We were sent a complimentary copy of this book.  We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.


If you would like for me to pray for you, please drop me an e-mail by clicking prayer.



Please Visit My Child Bride Suzanne's Blog


I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!


Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course. 


Do you have a frugal recipe?  Please e-mail it to me.

Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 


Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.


Notice: This post may  contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!

Contest Announcement

Hello, I would like to announce that starting July 4, 2018, we will be having a contest on the How To Manage Your Monkey blog.  We will be giving away an autographed copy of Master Your Cash Flow to our followers.

 Get ready now by going to www.how-to-manage-your-monkey.com and click the follow button.  We will give more details about this contest on the blog in the near future.




If you would like for me to pray for you, please drop me an e-mail by clicking prayer.



Please Visit My Child Bride Suzanne's Blog


I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!


Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course. 


Do you have a frugal recipe?  Please e-mail it to me.

Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 


Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.


Notice: This post may  contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!

God Is ...: Lessons I Learned about God in College by Nysi Kilgore ISBN: 978-1-9736-1310-7

Going to college can be hard.  Going to college in a different state makes it even more difficult and lonesome. In the book God Is...: Lessons I Learned about God in College by Nysi Kilgore, the author takes us along with her through her college years.

Along the way, Kilgore learned that she did not have to do it all alone.  She did not have to be perfect and not everyone is your friend.

The author provides scripture references, most of them from The Message, regarding the issue discussed.  If you are from a more traditional church background, you may want to keep a copy of your favorite translation of the Bible handy so that you can read the scriptures in a more traditional format.

We give God Is… all five stars. We feel this book is very well-written and timely for anyone getting ready to head off to college or who is already there.

This book would make a great reference for the older youth to use in a small Bible discussion group, so you may wish to buy multiple copies.



We were sent a complimentary copy of this book.  We are under no obligation to write any review, positive or negative.

We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.

Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.


If you would like for me to pray for you, please drop me an e-mail by clicking prayer.



Please Visit My Child Bride Suzanne's Blog


I respond to all approved comments on this blog, ideally within 24 hours.  Please check back here for a response to your comment.  Thank you!


Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life.  The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.   Always consult a professional before you act on any of the information you find in this course. 


Do you have a frugal recipe?  Please e-mail it to me.

Help us reach 1,000 YouTube subscribers. Please watch some of our videos. If you like them, please subscribe. Also, please share our YouTube information with your friends.  We thank you so much for all your help. 


Disclaimer: The opinions or advice listed in this blog or website should be used as a place to start only. It is not a substitute for the use of a professional.

 Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.


Notice: This post may  contain affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction. Thank you for your support!