When you start to reach an advanced age, you may find it difficult to take care of all your day-to-day needs. An assisted living facility may enter your mind when you think about the subject, but you probably do not want to leave the comfort and familiarity of your own home. This is fully understandable, and in this post, we will look at an approach that can be taken to address the situation. Medicare and Long-Term Care Costs Medicare is the source of health insurance for almost all senior … [Read more...] about CHCPE Can Provide In-Home Care Solution
Elder law attorneys focus on the eventualities that seniors may face, and many of the challenges stem from Alzheimer’s disease. Everyone has heard of it, but a lot of people are not aware of its widespread nature and the overall impact it has on society. Alzheimer’s Association Statistics The Alzheimer’s Association website is probably the best place to visit if you want to educate yourself about this horrible disease. According to their site, over 6 million Americans have contracted the … [Read more...] about How Common is Alzheimer’s Disease?
We are going to look at Medicaid and home ownership in this post. But before we focus on this subject, we will explain why Medicaid should be on your radar if you will qualify for Medicare. Long-Term Care Costs The United States Department of Health and Human Services tells us that 70 percent of seniors will require some type of living assistance eventually. Over 30 percent of the oldest old have Alzheimer’s disease, and elders with this condition often require nursing home care. When you … [Read more...] about Can You Qualify for Medicaid as a Homeowner?
Before we take a look at the pros and cons of long-term care insurance, we should explain why it is relevant. Indeed, it is easy to be confused when you know you will qualify for Medicare as a senior citizen. Long-term care has to be covered, right? Whether it makes sense or not, the Medicare program simply does not cover the custodial care that nursing homes provide, and it does not pay for in-home care. Don’t Be Overconfident It is hard to imagine a time when you will need this level … [Read more...] about Should You Carry Long-Term Care Insurance?
When you think about retirement planning, do you consider the potential impact of long-term care costs? Most people are more focused on travel, leisure activities, and quality time with their families, and this is understandable. Clearly, you want to think about the good times that you will enjoy during your golden years, but there is an unpleasant truth that you should address to preserve your legacy. Medicare Gap Most seniors will require long-term care, and more than one third of … [Read more...] about Connecticut Assisted Living Costs Went Up in 2020
On the surface, it can seem as though Medicaid would not be relevant to someone that is going to qualify for Medicare as a senior citizen. The reason why Medicaid is important is because it will pay for a stay in a nursing home, and Medicare does not cover custodial care. Nursing homes are extremely expensive, so Medicaid can preserve the legacy that you would like to be able to leave to your loved ones after you are gone. When a married person applies for Medicaid coverage while their … [Read more...] about Medicaid Spouse Allowances Will Rise in 2021
Before we get to the question that serves as the title this blog post, there are some people that don't understand why they would ever have to worry about Medicaid coverage. We will provide a brief explanation to make that clear, and then we will move on to the subject at hand. Medicare and Long-Term Care Most Americans are going to qualify for Medicare when they reach the age of 65 under currently existing laws. Since this program was conceived as a source of health insurance for senior … [Read more...] about Does Medicaid Count Assets in a Living Trust?
One inconvenient truth that you have to accept when you are looking ahead toward your elder years is the matter of living assistance. According to the United States Department of Health and Human Services, 70 percent of seniors will need help with their activities of daily living. Granted, some people can get by with limited assistance from family members, neighbors, and friends for a while. As time goes on, the needs may will often increase until professional care is the only … [Read more...] about Medicaid Waiver Can Provide In-Home Care Solution
The majority of senior citizens will eventually need help with their activities of daily living, and about one third of them will reside in nursing homes. In Connecticut where we practice law, the average cost for year in a nursing home is approximately $150,000. Medicare is the primary insurance provider for seniors. Since most elders will require living assistance, and Medicare is largely for older people, you would assume that the program would pay for long-term care. In fact, the … [Read more...] about Can Medicaid Take Your Home?
As elder law attorneys, we assist people that have concerns about long-term care. Since Medicare will not pay for the custodial care that nursing homes, assisted living facilities, and in-home caregivers provide, steps must be taken to qualify for Medicaid. A lot of people wonder why Medicare would not cover this type of care if Medicaid will. It is hard to brainstorm any type of logical answer, but that’s the reality. General Connecticut Medicaid Guidelines Since Medicaid is a need-based … [Read more...] about Medicaid Protections for the Healthy Spouse