It is important to gain an understanding of the Medicaid program when you are planning ahead with the eventualities of aging. This is because Medicaid will pay for long-term care, but Medicare will not. According to the United States Department of Health and Human Services 40% of people who reach the age of 65 are going to someday reside in a nursing home. Of course the likelihood will rise as you get older. These facilities are extremely expensive, and most people would find it very … [Read more...] about Medicaid Guidelines Adjusted for 2013
When you are considering taking certain steps as a senior citizen or as a representative of a senior citizen you may want to discuss the details with a good elder law attorney. If you act alone you may have regrets later on. Any time you are entering into a contractual agreement as a layperson you would do well to engage the services of an experienced attorney unless you are absolutely certain that you understand every sentence in the agreement. Given the nature of legally binding agreements … [Read more...] about Engage Elder Law Attorney Before Signing Contracts
Many people approach elder law attorneys asking questions about Medicaid planning. Until you are faced with the need for long-term care either for yourself or for a family member you may not understand the lay of the land. This care is simply too expensive for most people to handle out-of-pocket without exhausting all of their financial resources. And, Medicare will not pay for an extended stay in an assisted living community or a nursing home. Medicaid is a joint federal/state program that … [Read more...] about Can a Homeowner Qualify for Medicaid?
There are certain benefits that are going to be very important to most people who are planning for retirement. Social Security and Medicare will usually be at the top of that list, and these programs will provide at least a basic safety net if you have paid into them sufficiently. However, one thing to keep in mind is the fact that Medicare does not cover everything. There are out-of-pocket costs for routine medical services that you have to budget for in advance. And, Medicare does not pay for … [Read more...] about Benefit Entitlement Can Require Delicate Balance
Depending on the precise situation that you find yourself in when you reach an advanced age you may recognize the fact that your ability to provide for your loved ones after you pass away has everything to do with your current expenses. With this in mind long-term care costs can go a long way toward consuming resources that you have always hoped to leave behind to your family members. In light of the high and rising costs associated with long-term care you may well be faced with assisted living … [Read more...] about Qualifying For Medicaid Can Preserve Resources
Long-term care is extremely expensive these days, and if you use the average length of stay coupled with the average costs associated with nursing home care you may be looking at a bill that exceeds $250,000. This is why so many individuals angle toward Medicaid eligibility. These people rely on Medicaid to cover their long-term care expenses when they reach an advanced age because Medicare does not cover them. Of course Medicaid is a program that is intended to help people who have … [Read more...] about 2012 Medicaid Change Is Worth Noting
When you are relatively young you might feel far removed from the potential challenges that you may face when you are an elder. It can be hard to wrap your head around the possibility of a time coming when you are no longer capable of the things that you are capable of today. Yet, everyone ages and the average lifespan at the present time is over 78 years and it has been consistently rising. People are routinely living into their mid-80s and beyond, with this age demographic being the … [Read more...] about Cuts To Medicaid And Long-Term Care
Medicaid is a social welfare program that was originally intended to provide access to health care to uninsured Americans who are unable to afford it on their own. However, since Medicare does not cover the costs of residing in an assisted-living facility or nursing home, many senior citizens implement strategies that enable them to qualify for Medicaid, which does in fact pick up long-term care costs for eligible enrollees in the program. There is a lot of talk on Capitol Hill right now about … [Read more...] about Can You Count On Medicaid Being There?
When you are planning for the future you are going to have to make projections with regard to your possible expenses, and doing this intelligently requires a significant amount of research. One of the matters that must be addressed is the rising cost of long-term care, and one of the best resources available for people interested in the subject is the annual MetLife Mature Market Institute survey. In 2010 the national average cost of a stay in a nursing home rose by 4.6%, and assisted living … [Read more...] about Medicaid Can Be The Answer To Difficult Question