Legal-Ease: Asset protection from nursing home costs

Protecting assets from nursing home costs isn’t an easy process.

There is insurance for long-term healthcare, and Ohio law allows a way to almost double the value of long-term care insurance.

Some life insurance can also be used as a tool to pay for nursing home care.

But most people will need to keep in consideration becoming eligible for “institutional Medicaid.”

I am asked daily for advice on how to protect assets in the event of needing long-term healthcare at home, in a nursing home or in an assisted living facility.

Even though answering that question and undertaking actions to implement that advice is a passion of mine, it is not simple. This is an introduction to the response I provide to the question of what can be done to protect a lifetime of earned and saved financial sacrifices if and when someone faces the prospect of needing long-term healthcare at home or in a residential healthcare facility.

Read more about asset protection from nursing home costs in Lee’s post in the Lima News here: Legal-Ease: Asset protection from nursing home costs

Source:, “Legal-Ease: Asset protection from nursing home costs,” by Lee R. Schroeder, November 3, 2018

Lee R. Schroeder is an Ohio licensed attorney at Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at or at 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.

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