To request more information click here or contact an NGL representative at 800.988.0826 who will be happy to answer any questions you have.
When the time comes that a loved one can no longer live without a higher level of care than you can provide, the decision to move them to an assisted living or skilled nursing facility can be very stressful both emotionally and financially.
Typically, the burden of payment comes from private funds, but these are staggering numbers, and it is easy to see how quickly one’s assets can be depleted. However, there are programs available to assist with the costs. The most commonly known and utilized program for payment of nursing home expenses is Medicaid. However, in order to qualify for Medicaid, the applicant and his or her spouse must meet stringent asset and income requirements. The applicant must also require skilled nursing assistance at a level beyond what is provided by an assisted living facility.
NGL provides an array of products designed to help meet the asset and income restrictions. These products include a single premium immediate annuity that is Medicaid compliant. However, the appropriate use of these products is specific to each individual situation and should be prescribed by professionals skilled in the areas of Medicaid planning.