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Limited and Extended Care Planning Collective

The LECP Collective empowers professionals to network with solution and service providers to share best practices, directly access subject matter experts, research, training and resources; and provide thought leadership so we may continue to address the changing needs of the market.

The Krause Agency

The Krause Agency is located just outside Green Bay, WI, and we work diligently to provide customized long-term care solutions for agents across the country. We offer unique insurance products, educational tools, state-specific Medicaid planning resources, marketing materials, and support. One of our main priorities is helping insurance agents and financial advisors grow their business. So, whether you’re looking to add long-term care planning to your arsenal or you’re searching for ways to enhance your current offerings, we can help. We even provide exclusive tools to help you market your business and tap into key referral sources to win new clients.

Recent posts by The Krause Agency

2 min read

Is a Medicaid Compliant Annuity Right for Your Client?

By The Krause Agency on 5/6/25 6:15 AM

Integrating Medicaid Compliant Annuities (MCAs) into your planning process can be a powerful way to help clients secure long-term care funding. However, not every client is a good fit for an MCA. To determine if this strategy is the right solution, consider these three key factors.

 

Topics: Long-Term Care Medicaid Long-Term Care Insurance Limited & Extended Care Planning Center Centers of Excellence
2 min read

Too Late for LTCI? You Can Still Help Clients Protect Assets

By The Krause Agency on 5/1/25 11:05 AM

What Happens When a Client Can’t Qualify for Long-Term Care Insurance?

Many people put off long-term care planning until it’s too late. Some assume they’ll never need professional care, while others avoid thinking about it altogether. Unfortunately, by the time they do consider planning, they may no longer qualify for long-term care insurance (LTCI) due to age, health conditions, or financial constraints.

If your client has been denied LTCI or waited too long to apply, they may assume they’re out of options. The good news? It’s not too late for you to help them protect their assets—even if they’re already facing a long-term care stay.

Topics: Long-Term Care Medicaid Long-Term Care Insurance Limited & Extended Care Planning Center Centers of Excellence
2 min read

Can You Give Away Assets to Qualify for Medicaid?

By The Krause Agency on 4/15/25 11:22 AM

Many seniors generously give gifts to loved ones or donate to charities without realizing how these transfers might impact their Medicaid eligibility. While giving away assets may seem like a way to reduce countable resources, Medicaid has strict rules that can result in penalties and delayed benefits. Understanding these rules is essential when guiding clients through the spend-down process.

Topics: Medicaid Limited & Extended Care Planning Center Centers of Excellence Lifetime Healthcare Center
3 min read

Strategies for Assisting Clients Through the Long-Term Care Insurance Underwriting Process

By The Krause Agency on 4/7/25 7:00 AM

As underwriting for long-term care insurance (LTCI) continues to evolve, agents play a crucial role in guiding clients through the application process and improving their chances of approval. By educating clients, pre-screening health risks, and positioning alternative solutions, agents can help applicants secure the best coverage possible.

Topics: Long-Term Care Long-Term Care Insurance Limited & Extended Care Planning Center Underwriting & Risk Classification Centers of Excellence
2 min read

What Happens When Clients Run Out of LTCI Benefits?

By The Krause Agency on 2/10/25 11:43 AM

Long-term care insurance (LTCI) provides crucial financial protection for extended care needs, but most policies have a benefit cap, whether it’s a maximum payout amount or benefit duration. When LTCI benefits run out, clients may face a difficult financial situation. As a financial advisor, you are uniquely positioned to help them plan for the next phase of care.

Topics: Long-Term Care Medicaid Long-Term Care Insurance Lifetime Healthcare Center

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