These are actual quotes from people who were caught by surprise:
“My parents believed in The American Dream. They worked every day of their lives since the age of 17. They raised 3 children. They believed in savings, and they saved the money. They had enough money saved to pass it all to the kids, but we've never seen any of it. The government took away everything!”
“My parents were healthy and enjoyed life, but when they got sick, I had to put them in a nursing home. I didn't want to do it, but I really had no choice. Everything they had, everything they saved for over 50 years went towards the nursing home.”
“My parents have done everything right their entire lives. They worked, and worked, and worked. They took pains to raise children. They saved, and saved, and saved. Can anybody explain WHY it is that ALL the money they wanted to pass on as inheritance must be absorbed before Medicaid kicks in?”
Stories like these are way too common. People suddenly come to the realization that even if they work hard all their lives, do the right things and accumulate savings and assets, they can still lose it all and end up living in poverty or as a burden to family members.
Why does this happen?
Well, statistically, over 70% of people need long-term care earlier or later. Mysteriously, and unbeknown to most people, long-term care expenses are simply not covered. They are NOT covered by your current medical insurance. They are NOT covered by your retirement benefits. They are NOT covered by your employer. They are NOT covered by Medicare. They are NOT covered by supplemental insurance to Medicare.
Okay, you’re not covered, but maybe you can afford it?
It can easily be $20,000 and MORE - per person, per month!
They put a lien on your bank accounts, your investments, your home, apartments, and everything else you worked your entire life for. This is how, and this is why many people retire and live in poverty even AFTER having great jobs, AFTER being in a great union, AFTER receiving the best union benefits, AFTER being sure they were set for life.
Exactly the same results happen every minute to those who get into car accidents, lawsuits, IRS problems, and even divorces.
Intuitively, you may think, this is life. There is nothing one may be able to do to change this reality. Nothing could be further from the truth! There are 100% legal and 100% ethical solutions that assist people in all of these and many other situations to protect their properties and savings and at the same time get all the benefits they need at any point of their lives.
There is a wide class of situations which seem to inevitably lead to disasters, where a counter-intuitive approach simply means to assume that there is a solution, to inquire what kind of a professional may have such a solution, and to find an honest, skilled, and experienced professional. And in most cases, people can simply help themselves, without having to pay any professional a dime!
I call this this an Unknown Professional Life Amplifier™.
It’s really shocking that all it takes is awareness and inquiry…