The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: how to protect our money if health problems||Date: 7/29/2013 12:32 PM|
|Author: TMFPMarti||Number: 18562 of 19553|
You can't if your medical bills wipe you out.
Perhaps you're thinking about what would happen should you be in a position that long-term care was required for one or both of you. If it's both of you you'll pay until your money runs out, then Medicaid will take over.
If only one of you should need long-term care there are anti-impoverishment provisions that protect the "healthy" spouse from losing everything. The rules and process vary by state. You can learn more from an attorney who specializes in the issue.
Rule Your Retirement Home Fool
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|