How to Protect Your Life Savings: From Catastrophic Illness and Nursing Homes: A Handbook for Financial Survival [Paperback]

Harley Gordon (Author)

Book Description

ISBN-10: 0964289601 | ISBN-13: 978-0964289604 | Publication Date: December 2001 | Edition: 3 Sub

How To Protect Your Family's Life Saving from Catastrophic Illness helps families protect assets both when there is time to plan through the use of long-term care insurance and in a crisis. This book gives you the latest information about how: Long-term care is financed including an in-depth look at why Medicare, the VA, and Medicaid will not pay for your care, to properly evaluate long-term care insurance, to choose an elder law attorney and insurance professional, to protect life savings in a crisis.

Editorial Reviews

From Library Journal

The repeal of the Medicare Catastrophic Coverage Act earlier this year leaves the question of paying for long-term health care unresolved and as confusing as ever to the consumer. The Complete Medicare Handbook is an expanded version of government pamphlets on the subject. Edited by the program director of the Health Insurance Counseling and Advocacy Program, it is a focused summary of services offered by Medicare; how to submit claims; deciding to purchase supplemental health insurance coverage; and dialysis and hospice benefits. A lawyer and founding member of the National Academy of Elder Law Attorneys, Gordon offers a variety of means in this book to achieve one goal: to avoid spending family assets on long-term care. He explains the basic principles of Medicare financing, including countable and noncountable assets, trusts, and the Spousal Impoverishment Act. He presents family scenarios requiring either immediate or long-term planning and provides options to protect " . . . a lifetime of accumulated assets" from the enormous costs of nursing home care. Advice for choosing a lawyer experienced in Medicare law is included, along with state-by-state charts of income allowances. Although both books are easy to read, with attractive formats, the Medicare Handbook offers little information that can't be found elsewhere, including the government's own publications. And although Gordon's book is somewhat alarmist in tone, it explains clearly some of Medicare's most complex inscrutabilities. --Karen McNally Bensing, The Benjamin Rose Inst. Lib., Cleveland
Copyright 1990 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

About the Author

Attorney Harley Gordon is nationally recognized as a leading authority on long-term care issures. He is a founding member of the National Academy of Elder Law Attorneys, the country's leading association dealing with legal issues affecting the elderly and their families, McKnight's Long-Term Care News recently voted him one of the 100 most influential people in long-term care.

His views have been featured in numerous sonsumer and trade publications including the Wall Street Journal, Senior MarketAdvisor, National Underwriter, The Today Show, the PBS Front Line Program "who Pays for Mom and Dad" and the CBS Evening News.

Product Details

• Paperback: 217 pages
• Publisher: Senior Planning Group Pubns; 3 Sub edition (December 2001)
• Language: English
• ISBN-10: 0964289601
• ISBN-13: 978-0964289604
• Product Dimensions: 8.9 x 7.5 x 0.7 inches
• Shipping Weight: 1.3 pounds
• Average Customer Review: 4.7 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #598,168 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

24 of 24 people found the following review helpful:

5.0 out of 5 stars How to Protect Your Life Savings From Catastrophic Illness a, February 16, 2000

By 

Edward C. Auble (Paoli, PA USA) - See all my reviews

This review is from: How to Protect Your Life Savings: From Catastrophic Illness and Nursing Homes: A Handbook for Financial Survival (Paperback)

I f you wish to understand the subjects of Medicare and Medicaid as they relate to aging and long term care, this book is a must - and a "keeper". I am a 28-year insurance professional and have been involved in long term care insurance since 1988. I have heard Mr. Gordon speak on a number of occasions. He speaks as he writes - clear and to the point. An attorney, he avoids "legalese". Our insurance agency trains other insurance agents in long term care. I always recommend that they purchase this book. It is imperative that our prospects and clients understand what (limited) benefits they might receive from either of these government programs. Mr. Gordon makes a complex subject understandable.

3 of 3 people found the following review helpful:

5.0 out of 5 stars Excellent Needed Information, November 29, 2005

By 

Robert J. Henkels, CPA (Pittsburgh, PA) - See all my reviews
(REAL NAME)   

This review is from: How to Protect Your Life Savings: From Catastrophic Illness and Nursing Homes: A Handbook for Financial Survival (Paperback)

I have attended a seminar by Mr. Gordon. I purchased the book to do planning for my parents. The information has been invaluable! Everything of any importance is covered in the book, along with references to find out additional information, if necessary. I have recommended this book to several clients for review of their own personal situations.

This is one of the best books you could buy on this subject.

Robert J. Henkels, CPA

3 of 3 people found the following review helpful:

5.0 out of 5 stars The Bible for understanding Long Term Care, July 20, 2005

By 

Mark H. Kaizerman (Natick, MA) - See all my reviews
(REAL NAME)   

This review is from: How to Protect Your Life Savings: From Catastrophic Illness and Nursing Homes: A Handbook for Financial Survival (Paperback)

Harley Gordon is the master at explaining the real story behind long care planning. If you want to know the facts about how to protect assets and still provide the best care for a loved one, this is the one book to read.