Elder Law and Medicaid Planning

Many people may not think about Medicaid benefits until they actually need them. Medicaid provides critical benefits to individuals in need throughout the U.S.
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One prominent portion of elder law is long-term care planning. Much of long-term care planning focuses on your ability to plan for affordable long-term care based on the resources available to you. Long-term care is increasingly expensive and few can afford such costs without having their life’s savings quickly demolished.
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It may have been months since you have been able to see your loved one living in a nursing home. COVID-19 restrictions have been especially stringent in these facilities as the residents are part of a particularly vulnerable population and have been shown to be extremely susceptible to contracting the virus and experiencing extremely severe, even life-threatening, symptoms. After extended closures to the public, nursing homes across the country are beginning to reopen. They are, however, doing so cautiously. Before you go to visit your loved one in a nursing home that is planning to reopen, here are some things you will want to know about.
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Each year, Medicare open enrollment happens. Beginning on October 15 and ending on December 7, open enrollment marks an important opportunity for eligible individuals to enroll in Medicare plans or make changes to existing coverage selections. It is important that Medicare participants take time each year to review their existing Medicare coverage and make any changes needed in order to maximize their coverage opportunities.
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The cost of assisted living care in the U.S. is increasingly high. The average rent for assisted living ranges from $2,000 to $5,000 per month, with the national average falling somewhere close to $4,000 per month. Few people can afford this, but many older adults need some help living a semi-independent life, but do not require constant monitoring and medical supervision.
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Medicaid seems to always be in the news as it is often at the center of politics. There are many discussions on changes in Medicaid. Those in office or running for office frequently say that they will introduce legislation relating to Medicaid. Changes in Medicaid legislation can have a big impact on how can access

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Whether you are trying to make a decision for yourself or a loved one, selecting the right nursing home facility is a big decision. There is a wide range of options to consider. A facility will not be right for everyone. Take the time to research.

 

 

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Long term care is very expensive. Many people who are over the age of 65 will need long-term care at a certain point. Fortunately, Medicaid will help pay for long-term care for some people. There are, however, strict asset and income limitations in place in order to qualify for the program. Read more . . .

If you are starting to feel like Cary Grant in “Mr. Blandings Builds His Dream House” or Tom Hanks in “The Money Pit” you are not alone. Experts say that the average homeowner should expect to spend at least 1 percent of his home's value each year on repairs and general maintenance. The older you get the more difficult this becomes as the house gets older and needs more work, and you get older and can handle less of that work yourself.

If you are having trouble keeping up with needed home repairs, you may want to consider applying for the North Carolina Housing Finance Agency’s...

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Long term care in a nursing home facility is ridiculously expensive. All but the wealthiest families would see their assets and income wiped out if they had to pay for it themselves. So how do normal families afford the care their loved ones need? They don’t. Most families rely on government assistance, specifically Medicaid, to pay for long term care.

Medicaid is the single largest payer of nursing home bills in America.

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