Kim Kelly — Insuring The Future
Kim Kelly has an overarching desire to assist people, and because of that she brings a unique set of skills to Long Term Care insurance. She was a licensed nursing home administrator, assisting her family in the operation of several homes in the East Texas area. When the business was sold she moved into the residential real estate arena and saw first hand the devastation that home foreclosure had on families.
Interest in protecting families from disastrous life events led her into the insurance world, settling on the Long Term Care specialty. Her nursing home experience showed Kim how a long term care crisis can decimate family finances and spousal security. She also saw how the right long term care policy can offer protection and peace of mind.
Kim moved to Eugene from Dallas, Texas with her husband and two dogs, and quickly involved herself in the Chamber and several arts organizations, as well as the senior service community. She enjoys theatre, hiking, skiing, and walks on the beautiful Oregon coast. Eugene is home for good!
LTC Facts From Kim
Contact Kim: 541-222-9020 • kim@jteam.com or kim@equitect.com
What About Medicaid?
Medicaid is a state run program that is meant to be used only by the truly needy. In order to qualify for Medicaid-paid Long Term Care, a single individual can have no more than $2,000 in assets, not counting a primary dwelling of less than a certain value. In the past, some unethical "financial advisors" would work with people to show them how to “transform" their assets in order to qualify for Medicaid. Many of the most egregious of these "financial planning" schemes are now illegal.
The government is working to close the loopholes which people have used to unfairly shield assets in the past. Currently there is a five year “look-back period” to see if a person has attempted to conceal assets.
A person who has assets they want to protect (to provide for a spouse or partner, or hand down to the next generation) should look to Long Term Care insurance as a way to share the risk of Long Term Care expense with an insurance company.
HealthCare Refom Act Fails To Address LTC
The recent federal healthcare reform legislation makes no provisions for coverage of long term care, leaving consumers to fund long term care on their own.
