Medicare Doesn't Cover Long-Term Care. Neither Do Most Retirees.
Long-term care costs $60K–$80K annually in Florida. Medicare won't help. This guide walks you through insurance, self-funding, and Medicaid strategies so you don't deplete your retirement.
What You'll Learn in This Guide
- The Medicare Gap — what Medicare Part A actually covers for nursing care (up to 100 days, limited), and why home health care and assisted living are your problem
- Hybrid Policies (Life + LTC) — how a $200K life insurance policy bundled with $300K LTC coverage gives you access to care without traditional medical underwriting
- Florida Medicaid Rules — the asset limits, income caps, and "look-back" period for gifting, plus how a Medicaid-compliant plan can protect some assets for your spouse
- Partnership Programs — Florida's state-approved LTC policies that let you shelter assets dollar-for-dollar while keeping Medicaid eligibility as a safety net
- Self-Funding vs. Insuring — the spreadsheet that shows when a $150K policy makes sense vs. when you're better off banking the premium and self-insuring
Written by Rich Ison
Fiduciary Retirement Planner
Rich doesn't sell LTC insurance. He helps retirees decide whether it's right for them — and if so, which strategy (insurance, Medicaid, hybrid, self-funding) actually protects their wealth and independence.
What Our Clients Say
“Client testimonial placeholder — awaiting real quotes from Rich's clients.”
— Client Name, Tampa Bay
“Client testimonial placeholder — awaiting real quotes from Rich's clients.”
— Client Name, Tampa Bay
This guide is for educational purposes only and does not constitute insurance advice. Long-term care costs, Medicaid rules, and policy features vary by state and change over time. Consult a qualified insurance professional or elder law attorney for advice specific to your situation.
[Broker-Dealer/RIA Name] is a [Registered Investment Adviser / Broker-Dealer], FINRA/SIPC. [Representative Type] of [BD/RIA], Member FINRA/SIPC. Protective Wealth Advisors and [BD/RIA Name] are separate entities.
Securities and advisory services offered through [BD/RIA Name]. CRD# [Number]. Rich Ison is a registered representative and/or investment adviser representative. Insurance products offered through [Insurance Entity].
This site is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or advisory service. All investments involve risk, including loss of principal. Past performance does not guarantee future results. Tax, legal, and estate planning information is general in nature. Consult a qualified professional for advice specific to your situation.
Check the background of your financial professional on www.adviserinfo.sec.gov or brokercheck.finra.org.