Elder Law Update – At Large Edition September 2009 Vol II
IT’S ABOUT PROTECTING WHAT YOU HAVE– NOT THE ECONOMY OR HEALTH CARE I am hoping to get your attention by paraphrasing a well-worn phrase—“It’s the economy, stupid”—often heard during the 1992 presidential election and since then. What I have taken from the ongoing debate about the economy and health care that is going on nationally is not what kind of insurance coverage Congress is going to make available to every American or what type of cost reductions in care costs can be obtained, but rather, that it’s all about what kind of protection can be afforded to you and me. Yes, it’s all about protection. The good news is – at least they are talking about the economy and health care protection. The bad news is — there is nothing you or I can control about what Congress will do about the economy and health care protection. There is more good news, however, and that is that we can create our own type of protection. The Threats The three biggest threats to most Americans are the effects of:
- Inflation; and
- Long-Term Care.