Medicaid Spending Cuts

There was an article in the Courier Journal here in Louisville today about Medicaid spending cuts and shortfalls. I'm very worried when I read things like this. The reason is that there are so many people out there who think the government will take care of them when they need long term care. Hello, but there isn't enough money now? Where do you think it's going to come from in the future? If you have limited assets (less than $50,000 not including your home) and limited income, then long term care insurance is NOT for you. If you don't fall into this category, then it is CRITICAL that you get the information and quotes on long term care insurance.

The message I got loud and clear from the article is that you MUST provide for yourself, because the government is just not going to be there for you. You may chuckle at this and say, "The government has to take care of people without money." Well, they always have in the past, but what if the money just isn't there? Do you want to be one of the people that winds up in the government run "poor house" nursing home? I most certainly don't and I'm sure if you think seriously you don't either. If the government isn't there, then the burden will fall to your children, grandkids and other family members. Think hard for a minute, is this how you want to end up? Dependent upon your family for money, support and care? Forced upon your children because this is the only option? I think not.

If this sounds harsh and a little preachy then forgive me this one time. Move back from the land of denial and do what it takes to protect your family and future choices.