If you or a loved one is concerned about the cost of long-term care, then you need to know about Medicaid Asset Protection Trusts (MAPTs). These trusts are a more cost-effective way to protect your assets than traditional long-term care insurance.

Here’s why: with a MAPT, you pay a one-time fee typically equivalent to only 1-2 months of nursing home care. That’s it! And unlike traditional insurance, your premiums won’t go up as you age, so you can rest easy knowing you’ll have the same coverage throughout your life.

But that’s not all. MAPTs also provide coverage under Medicaid that doesn’t run out as it does with traditional insurance. This means that you’ll have peace of mind knowing that your assets are protected and that you’ll have access to the care you need for as long as you need it.

Lastly, seniors who have pre-existing health conditions often can’t qualify for long-term care insurance, but trust planning is still an available option.

So if you want to ensure that you or your loved one’s assets are protected without breaking the bank, then a Medicaid Asset Protection Trust is the way to go. With a one-time fee, no premium increases, and unlimited coverage under Medicaid, it’s the smart choice for anyone who wants to plan for their future care needs.