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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

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Financial planning for WA diabetic

originally posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email

Q: I'm trying to help my 27 year old son, insulin dependent, self employed, who lives in Washington state--we need some "medicaid/ insurance planning" consultation--he may be very eligible. Are you the one?? Or could you recommend someone or someplace else for a Washington resident? Please contact me and help me choose a course of action.

A: Fortunately, Washington state is one of the easier locations to find guaranteed-issue individual health insurance for people like your son. Of course, that does not mean that the coverage is affordable for working people or that this state-mandated plan offers the best available medical benefits. Professional financial planning help is useful when there are other assets (a home or financial accounts) that might be protected from a Medicaid claim. Although an adviser may not specifically tailor advice to avoid Medicaid claims, this is usually the side-benefit of good financial planning. In your son's case it is straightforward: if there are financial assets then hire OnlineAdviser immediately for a preliminary planning session; if not, then do not bother and just apply directly to the local welfare office for medical benefits.


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