Long-term care

The start of a new year is the ideal time to take stock of your health, finances, and future plans. As Maine’s population continues to age faster than almost any other state, long-term care (LTC) planning has become one of the most important — yet often overlooked — parts of retirement and estate planning. With […]

Why Planning Matters Before Long-Term Care Becomes Urgent When a spouse becomes too sick or frail to stay at home, it can lead to emotional, medical, and financial stress. Nursing homes and long-term care are expensive. Without planning, families often rush into decisions and suffer avoidable losses. In Maine, MaineCare (Medicaid) can help pay for

Planning ahead for long term care is one of the most responsible things a family can do. It helps protect your loved ones, reduces stress in later years, and maximizes what can be preserved for heirs or other needs. Here are five actionable steps Maine families can take now — especially given the evolving rules

🧩 1. Timing Is Everything — Plan Early MaineCare’s long-term care planning process involves a five-year “look-back” period. The state reviews all financial transfers made within the past 60 months before an application for benefits is filed. Gifts or transfers made during that period can cause penalties or delays in eligibility. The earlier you plan,

October Is Long-Term Care Planning Month — Why That Matters October’s designation as Long-Term Care Planning Month is a timely reminder: none of us know what our future care needs will be. Planning now gives you control, protects your assets, and spares your loved ones from tough decisions during a crisis. The Reality: Many Will