Frequently Asked Questions
Who Is Elder Care Financial Planning?
Elder Care Financial Planning, Inc. (ECFP) is a national company headquartered near Tampa, Florida. ECFP is focused on counseling families about retirement savings, maximizing lifetime income with annuities and on ways to pay for senior care including assisted living communities, in-home care services, adult day programs, and nursing homes.
Since 2003, our team of agents has guided families to the resources they need to handle senior care plans, including the VA’s Aid and Attendance pension benefit, state-sponsored Medicaid programs, long-term care insurance, and pre-planning strategies that protect assets when paying for senior care. Our financial planning strategies help hard-working Americans receive the care they need while maintaining their personal and financial independence.
All ECFP agents receive ongoing training for a variety of life situations and benefit updates to provide clients with the best possible financial strategy for their wants and needs.
Contact our offices by calling 888-450-1055 for a free consultation and learn how Elder Care Financial Planning, Inc. can help you or your family plan to pay for senior care.
How much does it cost to work with Elder Care Financial Planning?
Elder Care Financial Planning offers a free first consultation to all families and elder care professionals. Beyond the first consultation, depending on the services needed, for many families, there is no direct fees- our time is covered by the financial or insurance companies they choose. When working with ECFP, you’ll never receive a surprise bill. All fees charged for our team’s time or third-party fees, are disclosed up front and in writing before any billable hours accrue.
How do I know if I am eligible for the VA’s Aid and Attendance pension or Medicaid benefits?
When you call our toll-free number (888-450-1055), a member of our staff will review your current circumstances and schedule a phone consultation with a specialist in VA benefits planning, Medicaid planning, or pre-planning for care to assess your eligibility. This initial consultation has no cost or obligation.
Most families we work with are referred by other elder care experts who have reviewed eligibility for the VA’s benefits prior to making the referral.
Is Elder Care Financial Planning part of the Department of Veterans Affairs (VA), Medicaid, or any other government agency?
No. Elder Care Financial Planning, Inc. is a private financial services company founded in 2003. Our staff and agents are passionate about helping seniors preserve their financial independence when strategizing for senior care. Members of the ECFP team have certifications including Certified Senior Advisor (CSA), Certified Medicaid Planner (CMP) and Certified Long Term Care Professional (CLTCP).
How does Elder Care Financial Planning get paid?
Often, ECFP receives payment through the insurance companies a client chooses to work with. For instance, if a senior buys a long term care, final expense, annuity, life, or similar insurance policy, the insurance company pays ECFP a commission.
Elder Care Financial Planning serves as a consultancy and a financial services agency. Some families we assist plan to apply for the VA Aid and Attendance benefit and/or Medicaid. To become eligible for these benefits, many families need to enact appropriate legal and financial planning strategies. If ECFP helps these families with financial or insurance products, we are paid by the financial institutions the family chooses. In other cases, a family may pay us a fee for our time when no financial products are used.