Some clients tell me they can’t afford long-term health care insurance. I like to ask them, “Which assets would you sell first?” Most of the clients do not realize they can tailor a policy to fit their needs and their budget. One must understand the different parts of long term care insurance in order to determine which components are right for you. According to Genworth Financial, the average cost to stay in a Nursing home in the state of Ohio is $74,825 per year and is increasing every year.

Today Ohio has implemented the “Ohio Partnership Program,” which further allows one to conserve additional estate resources on a “dollar for dollar” basis. This would allow one to keep some of the retirement resources without spending it down to qualify for Medicaid. For more information concerning the “Ohio Partnership Program,” go to