The way that long-term care costs are rising at such an alarming rate is a matter of great concern within the elder law community. Medicare does not pay for long-term care and this is something to keep in mind when you are budgeting for the future. And, statistics indicate that most senior citizens will someday need living assistance so it is not something that you can ignore as a long shot possibility.
There are various strategies that can be implemented to prepare yourself for these costs, and the best way to explore them would be to sit down and discuss your unique situation with a Hartford elder law attorney.
With the above having been stated, veterans who served for at least one day during a time of war out of a total of no less than 90 days of service can qualify for a benefit called the Veterans Aid & Attendance special pension. This benefit is intended for veterans who need assistance with their day-to-day needs, things like bathing, dressing, cooking, etc.
If you are a single veteran who is qualified for Veterans A & A you could receive as much as $1632 every month to help defray your long-term care costs.
Whether you are a veteran or not long-term planning is the key to a comfortable future. If you are ready to get started, right now would be a good time to pick up the phone to arrange for a consultation with a Hartford elder law attorney.
- How Do You Leave an Inheritance to Minor Children? - March 28, 2023
- These Celebrity Estate Planning Mistakes Can Be Instructive - March 9, 2023
- Is There a Person With Special Needs on Your Inheritance List? - February 21, 2023