“Legal-Ease: Asset protection from nursing home costs,” by Lee R. Schroeder, limaohio.com

“I am asked daily for advice on how to protect assets in the event of needing long-term healthcare at home, in a nursing home or in an assisted living facility. … [M]ost planning for long-term healthcare needs includes some planning to become eligible for ‘institutional Medicaid.’ … In these situations, the appropriate asset protection tools usually include some combination of gifting, sales of assets to family members, irrevocable ‘Medicaid’ trusts and the purchase of certain ‘Medicaid-compliant’ annuities.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Stack that sales pitch up against annual premiums for quality LTCI and who do you think walks away with the check?