You will often hear mention of the Medicaid program, which is a joint federal-state program that is ostensibly in place to provide access to health care to those who cannot afford it.
In California, this program is called Medi-Cal. It does indeed assist people with little to no financial resources, but it is also the government program that is utilized by many seniors to pay for long-term care because Medicare will not pay for it.
This is not just seniors who have been struggling financially all of their lives. You can work hard and earn a good income, subsequently retiring with a significant nest egg and still find yourself looking for Medi-Cal eligibility.
The average annual expense for a year in a private room in a nursing home in California exceeds $100,000, and prices are rising all the time. This is a lot of money to come up with late in your life.
It is possible to qualify for Medi-Cal in an optimal fashion to preserve your resources. There are assets that are not counted, such as your home, your vehicle, and personal possessions. And, if you were to enter a nursing home, your spouse could keep his or her half of the assets up to a particular limit.
To find out all the facts, download our free report:
We are making this valuable report available to our readers here in the San Jose area because we want you to understand this program and recognize the fact it may be of great assistance to you during your twilight years.