Westchester & Putnam County Estate Planning Lawyers > VIDEO FAQS > What is long-term care insurance?

What is long-term care insurance?

Long-term care insurance is insurance that pays for the cost of nursing home care. There is a daily benefit, typically $300 a day. Sometimes there’s a cost of living adjustment that goes with it, so the coverage increases over time. These days there are hybrid policies that are long-term care and life insurance. You should speak with an insurance professional before getting long-term care insurance, but long-term care insurance is an important part of your Medicaid plan.

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Dear Jim, Thank you so much for all your help, your professionalism and the champagne. Boy, did we need the bubbly after all that signing! See you around the neighborhood.
Matt, Thank you for all the help you’ve given us over the past few months. We know these aren’t the easiest of deals right now and ours had some twists and turns . . . but we appreciated having you there to guide us along the way. We just wanted to say “Thank You.”
Michelle, Thank you so much for your help during our home buying process! As first time home owners we had so many questions and your patience and responsiveness made the entire process easier and more transparent. ...
Jim, Just a note to thank you again for all your help. We appreciate all you did to make our closing as smooth as possible. Thanks again and we will talk to you soon.
Matt, Thanks for everything . . . and most of all being such a good listener and calm spirit – I really appreciate it. My best to you and yours

Matthew S. Spencer

Matt received his JD from Pepperdine University School of Law in 1991. His primary practice areas include Real Estate, Trusts & Estates, which includes the use of estate planning tools such as Wills, Revocable Living Trusts, Health Care Proxies, Living Wills and a Power of Attorney. Matt also handles Probate and Administration and Guardianship matters. His Elder Law practice includes Medicaid Planning, Medicaid Applications and Asset Protection. Matt is currently serving as the Village Prosecutor for the Village of Elmsford. Matt has lectured for the Pace University School of Law Land Use Law Center’s continuing legal education program. ...read more

James T. Meyer

Jim’s practice areas include Trusts & Estates, Elder Law, Real Estate, Business Law and Litigation. He has been an Arbitrator with the National Association of Securities Dealers (NASD) since 1994 and represents clients in Securities Industry Arbitrations at the NASD and New York Stock Exchange. Jim has authored more than 150 legal articles for his weekly column in the Putnam County Press and has lectured on all facets of his practice areas. Jim’s professional and community service includes service as President of the Putnam County Bar Association, President of the Estate Planning Council of Putnam County, President of the Greater Chappaqua Chamber of Commerce...read more