“Reverse Mortgages Seen By Advisors As Option Of Last Resort,” by George Yacik, Financial Advisor
“Another area where several financial advisors believe reverse mortgages can play a role is in financing in-home health care or long-term care insurance.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Effective January 1, 2019, Medicaid’s home equity exemption rises to between $585,000 and $878,000 depending on the state. When that incentive to ignore long-term care planning goes away as it inevitably will, reverse mortgages for LTC financing and insurance will become a first, not a last resort.