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Long Term Care Financial Planning Counselors: Public and Private Options
Planning for the financial aspects of long term care is complicated and finding professional assistance is a smart approach. There are both public and private organizations that can assist. Choosing the right counselor depends on your needs.
If you are looking for a home care or assisted living provider, visit our Finding Affordable Elder Care page.
| Eldercare Financial Consultants - Appropriate for families recently impacted with a long term care need that wish to handle the majority of planning themselves but are struggling with how to begin. A consultant with expertise in both financial planning and elder care will provide targeted advice on if you should see a professional, which professional to see and advice and strategies for those wishing to manage planning themselves. Using an expert to learn how to do long term care planning can save a family expensive eldercare attorney fees in the future. A typical consultation lasts up to 2 hours and costs in the area of $300. | Connect with an Eldercare Financial Consultant |
| Eldercare Financial Planners - Appropriate for families looking for a comprehensive long term solution and require care for an extended length of time, typical with a progressive disorder such as Alzheimer’s, MS or Parkinson’s. Eldercare Financial Planners provide planning to maintain independence, maximize public assistance, make financial resources last longer and can preserve resources for parents to pass along to their children. By charging clients on an hourly basis one expert makes sure clients only pay for the services they require. Read More. | |
| Geriatric Care Managers - Browse by State or Search by Zip to the Right Best suited for families that require assistance coordinating long term care and with financial planning. Care Managers create and implement long term care plans that include care need assessments and financial plans. Care managers are usually paid for out-of-pocket and the cost depends on the level of care coordination required. Read More. |
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| State Social Service Agencies - Browse by State or Search by Zip to the Right Local aging organizations often have benefits counselors that can help with financial planning. Typically assistance is free of charge, but they can be under-staffed and it may take weeks for an appointment. They are usually very well-versed in local programs; but may not have the larger financial planning experience. Read More. |
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| Medicaid Planners - Typically legal professionals, Medicaid Planners focus on helping clients structure their financial assets so they can gain acceptance into Medicaid. Their fees are paid out-of-pocket and can cost $2,000 - $5,000. While at first glance this may seem expensive, the saving they generate will more than pay for the cost of their services. Read More. |
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