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Medicaid – What is it and What Does It Pay For?Medicaid, created in 1966, is a joint program between the federal government and each individual state to provide health insurance to nation’s most economically vulnerable people. Nearly one-quarter of all Americans (almost 75 million people) are covered by Medicaid, as well are half of all births.The program covers low-income adults and children, pregnant women, seniors in need of long-term care, and the disabled. The passage of th

The most fundamental financial planning step that many people don’t consider is a will.  I consider this the foundation of financial planning.Four reasons why you need a willDon’t delayIt’s easy to make a will, or have it prepared – and it will save your family unnecessary distress at an already difficult time. A will makes it much easier for your family or friends to sort everything out when you die – without a will the process can be more time consuming and s

Understanding Long-Term Care Insurance   The title "long-term care" refers to the help that people with chronic illnesses, disabilities or other conditions need on a daily basis over an extended period of time. The type of help needed can range from assistance with simple activities (such as bathing, dressing and eating) to skilled care that's provided by nurses, therapists or other medical professionals. Employer-based health coverage will not pay for daily, extended care se