Released on: July 22, 2008, 6:26 am

Press Release Author: Medicaid Information Resource

Industry: Financial

Press Release Summary: Most nursing home applicants understand that they must spend down all their assets before having Florida Medicaid pick up the $6000 to $7000 monthly bill for nursing home care. This is no longer true.

Press Release Body: Medicaid Information Resource, in Clearwater, Florida, announced today that a long-held assumption regarding the nursing home industry is actually not true.

Most people who are about to enter a nursing home would prefer that Florida Medicaid paid a big chunk of that bill (typical Florida nursing home expense now is $6000 to $7000 per month). However, many applicants are under the mistaken impression that they first have to spend all of their life savings and liquidate almost all of their assets in order to have Medicaid pay for their nursing home care.

\"That\'s just not true,\" stated Bill Ruffing, President of Medicaid Information Resource.

\"It\'s sad, but many nursing home residents just pay the nursing home directly for several months or years, without realizing all of that money could have been preserved. We are trying to let people know before they spend all of their hard-earned life savings,\" Ruffing continued.

Medicaid Information Resource works exclusively with Florida residents. Through careful planning, they can help preserve the estate of those facing long-term nursing home care. They are not attorneys and do not practice law. They can offer sound financial advice.

Medicaid Information Resource has a 100% success rate - they have never had a Medicaid application denied.

\"It\'s gratifying to be able to assist our elderly clients. With our help, their estate can be passed on to children or grandchildren as they wish,\" Ruffing said. \"We are honored to assist them and their family in this sometimes-complicated process.\"

Web Site: http://www.medicaidresource.com

Contact Details: Medicaid Information Resource
2629 McCormick Drive, Suite 101
Clearwater, FL 33759
Toll free 866-755-0620
Local 727-735-0620
www.medicaidresource.com