Wealth preservation is key, because significant expenses late in your life could damage your legacy. Unfortunately, there is an unpleasant truth that you should face head-on when you are planning your estate. Long-Term Care The majority of senior citizens will need help with their activities of daily living eventually, and a significant percentage of them will require nursing home care. Medicare will pay for convalescent care after an injury or illness, but it does not cover long-term … [Read more...] about Can a Homeowner Qualify for Medicaid to Pay for Nursing Home Care?
Is In-Home Care for Elders Covered by Medicare?
We are going to look at Medicare and in-home care for older people in this post. However, before we get there, we will provide some background information to help you understand the overall dynamic. Medical Care vs. Custodial Care There are distinctions drawn with regard to the type of care that you may receive in your home. Medicare will cover necessary health care services that must be provided in your home for approved reasons. Basically, a doctor must certify that you are homebound, and … [Read more...] about Is In-Home Care for Elders Covered by Medicare?
Five Key Facts About Long-Term Care for Seniors
As elder law attorneys, we focus on matters that are related to the needs of senior citizens. Most of our efforts are devoted to long-term care and the costs that go along with it. In this post, we will share five key facts about the subject that will get your attention if you are unaware of the dynamic. Medicare won’t help. For the most part, Medicare is a health insurance program that is specifically designed for senior citizens. It is natural to assume that it would cover long-term care … [Read more...] about Five Key Facts About Long-Term Care for Seniors
Five Key Facts About Elder Care Planning
When you are envisioning your retirement, you are naturally going to think about the good times that lie ahead. To get there, you estimate your projected living expenses and take the right steps to be able to address them. While you are doing so, you should make sure that you plan ahead with totally clear eyes. Though it is not the most pleasant subject to contemplate, you may need help with your activities of daily living eventually. With this in mind, we are going to share five key facts … [Read more...] about Five Key Facts About Elder Care Planning
Medicaid Spousal Allowances Increased for 2023
Long-term care costs can potentially consume a significant portion of the legacy that you will be passing along to your loved ones. Why is this the case if you qualify for Medicare coverage? Many people would say it isn’t fair, but Medicare does not cover the custodial care that nursing homes provide. Medicaid will cover these costs if you can gain eligibility. We are going to look at the updated figures for the Medicaid spousal allowances in this post. But first, we will provide some … [Read more...] about Medicaid Spousal Allowances Increased for 2023
Elder Law News: Medicare Part B Premiums Going Down in 2023
As elder law attorneys, we keep a finger on the pulse of news that is of interest to senior citizens. Clearly, anything that is related to Medicare costs will be of interest. On September 27, an announcement was released by the Centers for Medicare and Medicaid Services (CMS). It breaks down the out-of-pocket costs for Medicare Part B next year. We will look at the figures, but first, we will share a broader overview to provide context. Medicare Eligibility You become eligible for Medicare … [Read more...] about Elder Law News: Medicare Part B Premiums Going Down in 2023
What Is the Medicaid Look Back Provision?
As elder law attorneys, we counsel clients that are concerned about legal and financial matters that they may face as seniors. Without question, long-term care is at the top of the list. Medicaid is relevant to this subject, and we will explain the Medicaid look back provision in this post. Long-Term Care and Medicare To understand why Medicaid should be on your radar, you have to digest some background information. It is natural to assume that Medicare would pay for a stay in a nursing home, … [Read more...] about What Is the Medicaid Look Back Provision?
How Do I Avoid Medicaid Estate Recovery in Connecticut?
A lot of people have questions about Medicaid estate recovery in Connecticut, and we are going to answer them in this post. When you fully understand the dynamic, you will recognize the need for nursing home asset protection. Long-Term Care In order to grasp the relevance of Medicaid for seniors, you have to digest some facts about living assistance. The United States Department of Health and Human Services tells us that 70 percent of seniors will need long-term care eventually. Over half … [Read more...] about How Do I Avoid Medicaid Estate Recovery in Connecticut?
Are You Prepared for Life as an Octogenarian?
As elder law attorneys, we help people prepare for the eventualities of aging. Without question, it can be difficult to envision the way you will feel when you are in your 80s. At the same time, the average lifespan for someone that is 67 is the middle 80s, so this is a life stage that you will probably experience. Alzheimer’s Disease Among the Oldest Old The Alzheimer’s Association does a lot of great work educating the public about this disease, and they also offer hands-on resources for … [Read more...] about Are You Prepared for Life as an Octogenarian?
Senior Veterans May Qualify for Special Pension
Many people that have served in the United States military make considerable sacrifices. At the same time, they are rewarded with some solid benefits. One of them is the retirement pension that is available after 20 years of service, and there is another pension that flies under the radar. Military Pension for Wartime Veterans This pension is simply called the Veterans Pension; the “retirement” qualifier is reserved for the long-term service benefit. In fact, the length of service requirement … [Read more...] about Senior Veterans May Qualify for Special Pension