Newspaper Page Text
(Continued from page 7)
■ ■
L i
l .ypr JSp
JB
If You Go into a Nursing Home
Will Your Spouse Go to the Poor House?
If you have worked hard ail your life and managed to put
away a nest egg. you might end up losing most of your life
savings because of a defect in Medicare.
If you or your spouse suddenly become ill and require
extended nursing home care...NO ONE will help you with the
nursing home bills. Medicare won't and neither w ill your health
insurance. By law you are responsible for the nursing home bills
yourself. Only after you have used up virtually all of your
money, will Medicaid step in. That's because Medicaid, like
Welfare, only aids the poor. By some estimates, the average cou
ple's life savings can be wiped out after only 13 weeks of nurs
ing home care.
Rich people don't have to worry because they can afford
super-expensive special nursing home insurance, while the poor
are taken care of by Medicaid.
Now that just doesn't seem fair to working people w ith a life
time of hard-earned savings. The system they have supported
with tax dollars, seems to have forgotten them. Savings intended
to provide security in retirement, or help for children, can quick
ly go up in smoke.
The fact is. if you don't know how to protect your assets,
here’s what can happen to you. By law, before Medicaid will pay
nursing home bills, you may have to spend all your countable
assets except S2OOO (or as low as SISOO in some states).
Countable assets mean not only money in checking and savings
accounts...but also any funds in CD's. IRA’s. Savings Bonds,
Mutual Funds, stocks, whole life insurance, annuities and other
types of investments, as well as most trust assets.
Blueberry Crumb Cake
—The Scbramtn House Bed & Breakfast , Burlington, loua
Nonstick cooking spray IVi cups fresh or frozen
2 cups all-purpose flour blueberries
powder I cup sugar
% teaspoon salt Vi cup all-purpose
7i cup vegetable flour
shortening V* cup butter, melted
1. Coat a 13-by-9-inch glass baking dish with nonstick spray.
2. Sift together flour, sugar, baking powder and salt. Using a pastry
cutter or two knives, cut in shortening.
3. Combine milk and eggs; beat until mixed. Add to dry ingredi
ents. Mix lightly. Fold in berries. Spread in pan, cover and refriger
jte overnight
i s *
5. To prepare the topping, combine sugar, flour and butter in a
small bowl. Mix until crumbly. Spread over batter. Bake, uncov
ered, about 25 minutes, until a cake tester inserted into the cen
ter comes out clean and topping is lightly browned. Serves 12.
Nutritm fxts per serving: 310 cakns. Bgfrt, 4g protein 47g carbohydrates, lg fiber,
gffri 1 " Siting'
They can also take a vacation home or a second car. In addi
tion. (except for a small personal spending allowance and a
health insurance payment allowance) your entire Social Security
or pension check can be taken to cover nursing home expenses.
What’s more, if you are single or widowed, you can even lose
your house.
According to the federal law called the Spousal
Impoverishment Act, if one spouse requires extended nursing
home care, the healthy spouse can be forced to surrender HALF
of their combined countable assets. And if you have a sizeable
estate, they can legally take MORE THAN HALF.
Is there anything you can do to stop this nightmare from hap
pening to you? Yes. You are protected by law and can use sever
al legal techniques to place your countable (or vulnerable) assets
into the uncountable (or protected) category. The problem is.
most people are not aware of their legal rights. Unfortunately,
most people think Medicare will take care of them, so they
unknowingly leave their assets vulnerable and in jeopardy.
Your legal rights and the many methods of protecting your
money are now revealed in "How to Protect Your Financial
Security.” This financial self-defense manual tells you simple
legal procedures for preserving your money and warns of pitfalls
to avoid. Here is some of the valuable material you learn:
• Legal ways to turn countable (or
vulnerable) assets into uncountable
(or protected) assets
• How to protect your house from being sold to pay your
nursing home bills
Advertisement
Spiced Pear French Toast
“You can substitute 'A to cup of
brown sugar for the granulated sugar,
cinnamon and maple syrup. Also try
adding sliced fresh straw-berries for
color in with the pears. It’s delicious
both ways.’’
—The Heartstam bm. E/mka Springs. Ark.
French Toast:
Vegetable oil or nonstick
cooking spray
I (I-pound) loaf cinnamon
raisin bread, crusts removed
6 eggs
Vi cup sugar
2'/2 cups 2% reduced-fat milk
IZi teaspoons vanilla extract
Pears:
1 tablespoon butter
2 firm-ripe Anjou pears,
cored and cut into chunks
I teaspoon sugar
Vi teaspoon ground
cinnamon
Dash of grated nutmeg
V* cup maple syrup, plus
additional for serving
I. To prepare the French toast, oil
a !3-by-9-inch baking dish or coat
• How to protect a second car or vacation home
• If you give your money to your children without following
these precise guidelines, a nursing home could get your
money anyhow
• What you need to know about Living Trusts
• What lawyers never tell you about
protecting your will
As a hard-working taxpayer, you have a legal right to protect
your life savings for yourself, your spouse or your heirs. You don’t
have to be rich to have peace of mind. You just have to follow the
easy steps outlined in “How to Protect Your Financial Security.”
Although "How to Protect Your Financial Security” can eas
ily save you thousands of dollars, the price is very reasonable.
Right now, you can receive a special press run for only 512.95
plus 52.00 postage and handling. It is not available in any book
store. It is only available through this special offer on a 90 day
Money Back Guarantee. If you are dissatisfied in any way, just
return it in 90 days for a full refund, no questions asked.
Order an extra copy for family or friend and SAVE. You can
order 2 for only S2O total.
HERE’S HOW TO ORDER: Just print your name and
address and the words "Financial Security" on a piece of paper
and mail it along with a check or money order to: THE LEADER
CO.. INC.. Publishing Division, Dept. F8X492. P.O. Box 8347.
Canton, OH 44711. (Make checks payable to The Leader Co..
Inc.) VISA or Master Card, send card number and expiration date.
Act now. Don’t leave your assets in jeopardy.
£>2(K)S The Leader Co.. Inc