Mar 23, 2010 asset-protection, insurance, senior- citizens, baby-boomers, protect, advisors, elder, term, team 10 Welcome Healthy Assets is a practice dedicated to helping Senior Citizens and Baby Boomers discover legitimate methods to protect their major assets in the event long term care is required. Our team of insurance advisors works in tandem with elder care attorneys, CPA's and other elder care specialists to provide you with the exact asset protection program you need. Home Contact Us Feedback Privacy Policy site design by bdk Services Site Mar 23, 2010 asset-protection, insurance, senior- citizens, baby-boomers, protect, advisors, elder, term, team 10 Welcome Healthy Assets is a practice dedicated to helping Senior Citizens and Baby Boomers discover legitimate methods to protect their major assets in the event long term care is required. Our team of insurance advisors works in tandem with elder care attorneys, CPA's and other elder care specialists to provide you with the exact asset protection program you need. Home Contact Us Feedback Privacy Policy site design by bdk Services Site Mar 23, 2010 Medicaid, annuity, immediate, annuitant, asset, beneficiary, benefits, insurance, income, stream, nursing- home, irrevocable, single-premium, 10 ? A Medicaid Annuity is a single premium, immediate annuity. Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Medicaid Friendly Annuities site design by bdk Services ? The annuity must be irrevocable, non-transferable and non-assignable. These restrictions may be critical for the use of an immediate annuity with Medicaid benefits. ? Single premium means the annuity is funded by a single payment to a third party insurance company. Immediate means income payments to the annuitant, you the owner, begins immediately. ? In many cases this type of annuity is not considered as an asset by Medicaid. If you should die before receiving all guaranteed income payments, your joint or contingent annuitant or your beneficiary will receive the value of any remaining income. CONSULT AN ELDER LAW ATTORNEY FOR SPECIFIC RULES PERTAINING TO YOUR STATE. *Medicaid eligibility can vary from state to state. A MEDICAID ANNUITY CAN ENSURE YOU HAVE AN INCOME STREAM IF YOU ANTICIPATE A NURSING HOME STAY OR REQUIRE HEALTH CARE ? Your Medicaid Annuity increases in value over the life of the annuity. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 annuities, annuity, asset-based, assets, insurance, long- term-care, LTC, investment, tax, cash, CD's, CD, 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Asset Based Annuities with Long Term Care site design by bdk Services "Asset based" annuities are single premium annuities that are funded from your existing assets. For example you may use cash; maturing CD's or convert an old life insurance policy to pay for the premium. Essentially you can use money you have already spent to provide yourself with long term care coverage. These are sometimes called combination or linked annuities. Asset based annuities with LTC offer three specific benefits: 1. It is a risk free and interest bearing investment 2. It provides funds for long term care if needed 3. Money used from the annuity for LTC is tax free These annuities come with a long term care rider that is part of the annuity. This enables you to have access to money to pay for long term care if needed. Enjoy retirement knowing you are adequately funded long term care. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 asset, assets, income, trusts, retirement, annuity, tax, estate, probate, protection, protect, wealth, irrevocable, plan, planning, life, tuitions, payments, college, guaranteed, aging, parents, security 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Asset Protection site design by bdk Services As we grow older and retirement becomes more of a short term reality than a long term goal, we often realize we may not be as ready as we had hoped to be. Paying down college tuitions, potential health issues, increased life expectancy and caring for aging parents can often make retirement seem unattainable. Asset protection planning can be a vital part of a retirement or estate plan, providing peace of mind and security that all or part of your accumulated wealth has some degree of protection against unforeseen circumstances. Asset protection can be used for estate planning, to avoid probate, to create trusts, to protect wealth, to maximize tax reductions and create permanent security. For some, protection can be as simple as converting an asset into a fixed stream of guaranteed payments, within an irrevocable income annuity that satisfies state legislative requirements. Implementing an asset protection plan has ensured our retirement and our legacy. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 retirement, senior-citizens, baby-boomers, income, stream, retire, assets, money, annuities, annuity, 401k, CD's, IRA, affordable 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Retirement Income Annuity site design by bdk Services CLOSES THE GAP BETWEEN WHAT YOU HAVE SAVED TO RETIRE AND WHAT YOU WILL NEED TO RETIRE ? The lifetime income stream provided by a retirement income annuity can ensure that you will not outlive your assets. ? Converting your assets into income annuity can make retirement attainable and affordable. ? May be funded by converting all or a portion of your 401k, IRA, CD's or Money Market accounts. Certain restrictions or penalties may apply. Be sure to consult your plan administrator. ? Adverse economic conditions and a dramatic decrease in the value of 401k plans have jeopardized retirement for baby boomers and senior citizens alike. Many are faced with the possibility of running out of money and cannot afford to retire. ? A 50% loss experienced by many 401k plan members may take up to 10 years to recover. Retirement income funded by income annuities provides a greater sense of confidence and security. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 estate, trust, irrevocable, probate, inheritance, retirement, beneficiaries, money, protect, protects, exempt, costs, Medicaid, nursing-home, assisted-living, home-health-care, spend-down, plan, planning 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Estate Trust site design by bdk Services Planning ahead is important! This trust is for people who are in good health and have at least 60 months to plan for possible nursing home or assisted living care. The Trust must be effective for 60 months to be Medicaid exempt. You can place $5000, $10,000, or up to $50,000 to protect your funds against the cost of nursing home care. An Estate Trust can shelter your funds and make them exempt from Medicaid spend down. An Estate Trust is an irrevocable trust that holds and protects money for your beneficiaries. Upon your death, these funds pass to your family and at the same time avoid probate. The average annual cost of a nursing home is $69,000 for a semi private room. These costs could jeopardize your retirement and possibly could wipe out any inheritance you planned to leave to your family. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 funeral, cost, costs, final-expense, insurance, plan, policy, expenses, cemetery, grave, beneficiaries, coverage, Medicaid, AARP, qualify, property, asset, financial, funds, refund, medical-exam 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Final Expense Insurance site design by bdk Services TAKE COMFORT KNOWING YOUR FINAL EXPENSES ARE TAKEN CARE OF ? According to a 2004 AARP report, funeral expenses can easily reach $10,000 including the cost of cemetery property and grave markers. ? A health exam is not needed to qualify for a Final Expense insurance policy. ? Beneficiaries will be able to use funds to pay for funeral costs or other final expenses, such as medical bills and other debts. ? The plan may be considered an excluded asset in order to qualify for Medicaid. ? If you should change your mind, you have 30 days to cancel and receive a full refund. Having a final expense plan in place avoids placing a financial burden on your family. ? Obtain coverage for up to $30,000. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 final-expense, trust, funeral, irrevocable, life, insurance, annuity, Medicaid, estate, plan, policies, five-year-look-back, CD's, financial, free 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Irrevocable Final Expense Trust site design by bdk Services Irrevocable Final Expense Trusts ensure your remaining family members do not carry the financial burden of your final expenses. ? These trusts are portable, meaning they can be used at any funeral home. CONSULT AN ELDER LAW ATTORNEY FOR SPECIFIC RULES PERTAINING TO YOUR STATE. *Medicaid Eligibility can vary from state to state. Some states may allow parents to fund ?Burial Spaces? with the Funeral Trust for their children. ? Places up to $15,000 per person in a trust specifically earmarked for funeral expenses. ? Is legal within Medicaid's five year look back. ? May be funded from existing life insurance policies, CD's, penalty free annuity withdrawals. Click here for more info After viewing click your back button to return to web site. ? Remaining funds are transferred to your estate. An easy, affordable worthwhile addition to your financial plan. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 homeowners-mortgage-insurance, first-time-home-buyers, tax-deductable, prime-rate, Homeowners-Protection-Act, loan-to-value, ltv, family, economy 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Mortgage Insurance site design by bdk Services MORTGAGE INSURANCE OFFERS YOU PROTECTION IN THE EVENT YOU BECOME UNABLE TO REPAY YOUR MORTGAGE Provides added protection for you, your family and your home in a turbulent and uncertain economy. ? Tax deductable for homeowners earning up to $109,000 annually. ? Mortgage insurance (MI) payments do not fluctuate with the Prime Rate. They remain constant. ? The Homeowners Protection Act (HPA) requires that borrower-paid mortgage insurance (MI) be cancelled automatically once the borrower has paid down the loan to a loan-to-value (LTV) of 78%, based on the original value of the property. ? If the LTV ratio decreases to 75% or less, due to an increase in value, your mortgage insurance may be able to be cancelled.* *Subject to appraisal and borrower must be in good standing. ? Helps first-time home buyers qualify sooner. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 life-insurance, tax-free, probate-free, senior-citizens, Social-Security, savings-plans, retirement, cash-value, death, emergency, financially, liquidity, loans, mortgages, secure, two-incomes, years 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Senior Life Insurance site design by bdk Services A PREMATURE OR UNEXPECTED DEATH OF A SPOUSE COULD PLACE A FINANCIAL BURDEN ON A REMAINING SPOUSE AND/OR FAMILY MEMBERS Many senior citizens believe the need for life insurance during the "golden years" is an unnecessary expense. Maintaining a life insurance policy will ensure that the remaining spouse will remain financially secure. ? Provide funds for commitments that depended on two incomes such as mortgages, loans and retirement. ? May create an emergency fund to handle unforseen expenses that may arise in subsequent years. ? Offset reduced benefits anticipated from Social Security and savings plans. ? Replace a retirement plan that stops paying upon the death of the retirement plan owner. A woman's life expectancy is five years longer than a man. (1) (1) CDC 2006 study Senior Life insurance will : ? Generates a cash value that can be borrowed against, at low interest rates, to give access to cash if needed. ? Provides liquidity to take care of needs at the time of death. The disbursement of funds is tax free and in most cases is probate free. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 term-life-insurance, universal-life-insurance, UL, premiums, medical-exam, cash-value, protection, policy, coverage, flexibility 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 site design by bdk Services Term and Universal Life Insurance LIFE INSURANCE MAY BE THE MOST DURABLE FINANCIAL PROTECTION YOU CAN PROVIDE FOR YOUR FAMILY Term Life Insurance Although term life insurance provides the maximum amount of life insurance at the lowest cost, it only offers temporary protection. The length of a policy may be for 1, 5, 10, 15, 20 or 25 years. Once the term of the policy expires, coverage ceases. The policy must be renewed in order for the policy owner (you) remain protected. While a medical exam is not required to renew, premiums will increase due to the increased age of the policy holder. Term policies do not accumulate a cash value. Universal Life Insurance (UL) This type of life insurance offers the policy owner more flexibility regarding premiums and coverage amounts. The policy owner may pay whatever amount of premium each year he or she chooses. However, if not managed properly by the policy owner, coverage could lapse if premiums are not paid in subsequent years. UL generates a cash value that generally earns a minimum of 4%. These rates of return are established annually and may change from year to year. The corner stone of financial security Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 wealth-transfer, income, tax-free, annuity, bank-account, life-insurance, beneficiaries, death-benefit, nursing-facility, probate, CD, single-premium, terminal-illness, assets 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Wealth Transfer Life Insurance site design by bdk Services By positioning assets that you are not using for income into a life insurance policy, you may be able to pass on a larger, generally income tax-free benefit and avoid the costs and delays of probate. Wealth transfer planning can be as simple as repositioning an asset such as cash in a bank account, CD, annuity, or other similar asset for a single premium life insurance plan. Generally speaking, life insurance may produce a significantly better financial result for your beneficiaries. Up to 80% of your guaranteed minimum death benefit, less any loans, is available if you should become permanently confined to a qualified nursing facility or if you should be diagnosed with a qualifying terminal illness. You may use these dollars however you wish. INCREASE YOUR ASSETS AND INCREASE YOUR LEGACY Leave the legacy you and your loved one's deserve. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 long-term-care, Medicare, nursing-home, assisted-living, LTCI, affordable, retirement, savings, coverage 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Long Term Care Insurance site design by bdk Services ? Close to one fifth of Americans over 45 (18%) responded that they "don't know" what funds will cover their long-term care costs. (2) ? More than 55 percent (59%) of Americans over 45 incorrectly believe that Medicare will pay for extended nursing home stay. (2) ? 51% of Americans over 45 incorrectly believe Medicare covers assisted living costs. (2) ? The average long-term care insurance policy purchased by a 65-year-old and held until death pays out 82 cents for every dollar. (2) (2) American Association of Homes and Services for the Aging In 2008 1 out of 18,000, or .005% (1/2 of 1%), people died or were injured due to home fires. (1) Among people turning 65 today, 69% will need some form of long-term care, whether in the community or in a residential care facility. (2) Did you know that... (1) Centers for Disease Control and Prevention (3) Insurance Information Institute We have several different methods of providing LTCI to make it affordable for you. These methods enable you to keep your retirement savings AND give you the coverage you need if and when you require long term care. "But I can't afford Long Term Care Insurance." Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 nursing-home, Medicare, Medicaid, long-term-nursing-care, assisted-living, skilled-nursing-facility, spend-down, hospital, look-back, private-room, Health-care, co-payment, eligibility, transfers, seniors, baby-boomers, assets, alternatives, security, income, retirement 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Nursing Home Challenges site design by bdk Services EXTENDED CARE FACTS AND FIGURES According to the U.S. Department of Health and Human Services and the American Association of Homes and Services for the Aging there is a about a 70% chance people over the age of 65 will need some sort of long term care services. This percentage increases with age. The average length of stay is 2.5 years. Of course this can vary depending on the health needs of individuals. National average annual costs of a private room in a nursing home is about $77,000 ($213/day) and $35,000 ($98/day) for an assisted living facility. The price tag for an average stay at these facilities can total $192,500 and $87,500 respectively and costs will only increase as time goes by. MEDICARE Medicare will pay in full for up to 20 days if you are in a Skilled Nursing Facility following a recent hospital stay. If your need for skilled care continues, Medicare may pay for the difference between your co-payment of $133.50/day for days 21-100. After day 100 Medicare does not pay. MEDICAID Medicaid may pay for care in a Medicaid-certified nursing home if you meet functional and financial eligibility criteria. Financial eligibilty criteria means you must only have assets totaling $2,000. This means you must use whatever financial resources you may have before Medicaid will begin paying. This is what is referred to as spend-down. Any transfers you make into an estate or some other vehicle must occur 60 months prior to applying for admittance into a nursing home. This is referred to as the look-back period. As you can see the potential for financial distress is a very real possibility for many seniors and baby-boomers. Planning for a possible health care situation that may or may not happen, is often delayed until it is too late to avoid liquidating your assets. Although we are required to carry homeowners insurance, most of us would never think of not having it in the case of fire, storm damage or some other housing related emergency. However, the probability of a home fire fatality is one half of one percent. As mentioned above, 7 out of 10 people over the age of 65 will require some form of long term nursing care. With the proper planning and guidance you can reposition your existing assets so that you are prepared for long term care if need be and at the same time be able to enjoy retirement and the quality of life you have worked and planned for. There are legitimate alternatives to provide security for yourself and your loved ones. Alternatives to provide an income during retirement and to keep your assets healthy. Click here for Long Term Payor Guidelines Table PROPER PLANNING CAN MAKE EXTENDED CARE AFFORDABLE ANOTHER PERCPECTIVE Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 healthy, assets, Annuity, annuities, irrevocable, trust, attorney, spend, down, five-year-look-back 5 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Frequently Asked Questions site design by bdk Services Why should I do business with Healthy Assets? Because we have your best interests at heart. While we are in business to make a profit, we will NEVER sell you a product if it is not right for you. We would rather not make a sale than sell you a product that is not going to help you. How do you get paid? We receive commissions from the companies that write the policies. We do not receive payments from our clients. What is an annuity? I have heard annuities are not a good investment. What is an irrevocable trust? What is spend down? What does the five year look back mean? Why do I need an attorney? Today's new fixed annuities are, guaranteed not to lose principal. If you put in 100k you will always have 100k plus interest. Fixed annuities have upside potential with no downside risk. An attorney can advise you on what is and is not a good program for you. An attorney will give you an unbiased opinion because they do not have a financial gain in the sale of an insurance policy. Most attorneys do not have the required license to sell insurance and most insurance agents are not licensed to practice law. An annuity provides regularly scheduled payments to an annuitant (you the buyer) from a financial institution (the seller) for a fixed period of time or until the buyer passes away. The buyer pays for the annuitiy, either in a lump sum or in installments, prior to receiving payments from the annuity. An irrevocable trust means that once the trust is finalized it cannot be changed or revoked in any way. Spend down means using your assets to pay for your care until you reach the asset level that qualify for Medicaid. Asset and income thresholds vary by state. In Massachusetts monthly income must be less than $2,686 for single residents and $10,268 for married couples. Assets must be less than $2,000. Any transfers you make into an estate or some other vehicle must occur 60 months prior to applying for admittance into a nursing facility. Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 john, smith, brian, kashner 10 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 site design by bdk Services Home Contact Us Feedback Privacy Policy John W. Smith (508) 291-7171 jsmith@haprotect.com Brian Kashner (508) 291-7000 bkashner@haprotect.com Any personal information collected on this web site is used soley by Healthy Assets and is not given to outside third parties. Site Mar 23, 2010 3 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Site Structure site design by bdk Services Welcome Medicaid Asset Based Annuities w/ LTC Asset Protection Retirement Income Estate Trusts Insurance Trust Mortgage Insurance Senior Life Insurance Term and UL Life Wealth Transfer Long Term Care Nursing Homes FAQ's Contact Us Annuities Final Expenses Life Insurance Home Contact Us Feedback Privacy Policy Site Feedback Privacy Policy Site Mar 23, 2010 5 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Feed Back site design by bdk Services Dear Viewer, We at Healthy Assets make every effort to provide you with accurate and up to date information and suggestions regarding asset protection. If you have a free minute, please take the time to let us know what you think of our site and how we might better serve you. Thank you! HOW MAY WE BETTER SERVE YOU? Home Contact Us Feedback Privacy Policy Site Mar 23, 2010 5 Web Site Search 21 Tarpaulin Way Wareham, MA 02571 Phone: (508) 291-7000 Privacy Policy Healthy Assets site design by bdk Services To Our Individual Clients: Your privacy is important to us, and maintaining your trust and confidence is one of our highest priorities. We respect your right to keep your personal information confidential and understand your desire to avoid unwanted solicitations. A recent law change requires us (along with banks, brokerage houses, and other financial institutions) to disclose our Privacy Policy to you - which we are more than happy to do. We hope that by taking a few minutes to read it, you will have a better understanding of what we do with the information you provide us and how we keep it private and secure. A. Types of Information We Collect We collect certain personal information about you - but only when that information is provided by you or is obtained by us with your authorization. We use that information to prepare your personal asset protection plan for you at your request. Examples of sources from which we collect information include: ? interviews and phone calls with you, ? letters or e-mails from you, ? tax returns ? financial history questionnaires. B. Parties to Whom We Disclose Information As a general rule, we do not disclose personal information about our clients or former clients to anyone. However, to the extent permitted by law and any applicable state Code of Professional Conduct, certain nonpublic information about you may be disclosed in the following situations: ? To comply with a validly issued and enforceable subpoena or summons. ? In the course of a review of our firm's practices under the authorization of a state or national licensing board, or as necessary to properly respond to an inquiry or complaint from such a licensing board of organization. ? In conjunction with a prospective purchase, sale, or merger of all or part of our practice, provided that we take appropriate precautions (for example, through a written confidentiality agreement) so the prospective purchaser or merger partner does not disclose information obtained in the course of the review. ? As a part of any actual or threatened legal proceedings or alternative dispute resolution proceedings either initiated by or against us, provided we disclose only the information necessary to file, pursue, or defend against the lawsuit and take reasonable precautions to ensure that the information disclosed does not become a matter of public record. ? To provide information to affiliates of the firm and nonaffiliated third parties who perform services or functions for us in conjunction with our services to you, but only if we have a contractual agreement with the other party which prohibits them from disclosing or using the information other than for the purposes for which it was disclosed. (Examples of such disclosures include using or engaging a records-retention agency to store prior year records.) C. Confidentiality and Security of Nonpublic Personal Information Except as otherwise described in this notice, we restrict access to nonpublic personal information about you to employees of our firm and other parties who must use that information to provide services to you. Their right to further disclose and use the information is limited by the policies of our firm, applicable law, our Code of Professional Conduct, and nondisclosure agreements where appropriate. We also maintain physical, electronic, and procedural safeguards in compliance with applicable laws and regulations to guard your personal information from unauthorized access, alteration, or premature destruction. Thank you for allowing us to serve your asset protection planning needs. We value your business and are committed to protecting your privacy. We hope you view our firm as your most trusted advisor and we will work to continue earning your trust. Please call us if you have any questions or if we can be of further service. Best regards, Healthy Assets Home Contact Us Feedback Privacy Policy Site