There is a significant lack of understanding among the public regarding the need to plan for catastrophic health issues and their almost certain eventuality. As we live longer because of diet modification, exercise and resistance to smoking, etc., dementia diseases have become the focus in an elder person's health process. Issues such as nursing home placement, financial security and family responsibility become highlighted and pushed to the front burner. Caregivers -- such as spouses and children -- are overwhelmed and confused with the reality of the circumstances, not to mention the law that now dictates their livelihood under the title of the Medicare Catastrophic Coverage Act (MCCA) of 1988.

This law became effective in California in 1990 and has radically affected the community property laws regarding the institutionalization of a spouse in a nursing facility. Since 1990, the law has emerged as the greatest threat to the financial status of the average senior without proper planning.

Although most people plan with income tax and retirement savings during their working years, a far less percentage of people plan for the catastrophic health laws.

Are you aware that if you have a spouse or loved one in a nursing facility that you may be able to:

* Reduce or totally eliminate the nursing home bills.

* Increase the amount of income you get to keep.

* Protect your life savings.

* Pass an inheritance on to your children.

* Save the family home.

Planning alternatives can relieve you of the guesswork and frustrations that are inherently a part of your daily life. Having an understanding of what you can or can't do to perpetuate a plan for you and your family to address these issues will allow you the peace of mind to cope during these stressful times.

If you would like more information on these legal but little known strategies, call 1 (888) 853-2673 for a free report on a "Consumers Guide to Asset Protection in Nursing Home Planning."

Submitted by Stephens Group