The Medicaid Home and Community-Based Services waiver program is a government program that should be on your radar when you are looking ahead toward your elder years. This program can potentially provide you with financial assistance that would help you pay for in-home care as a senior if you ever need help with your activities of daily living. Most seniors are going to need living assistance at some point in time, and this is a stark fact of life. To be properly prepared, you should … [Read more...] about What Is the Medicaid Home and Community-Based Services Waiver Program?
Elder Law
How Expensive Is Long-Term Care?
When you are going through life and you have health insurance, you probably do not have any major concerns. Yes, there can be some out-of-pocket expenses, and no one wants to get sick. At the same time, you have insurance to prevent any financial catastrophes. This mentality can carry over when you are thinking about your elder years. You will qualify for Medicare at the age of 65, so you may assume that Medicare will pay for everything, including long-term care. In reality, Medicare does … [Read more...] about How Expensive Is Long-Term Care?
Should I Buy Long-Term Care Insurance?
Long-term care is a very serious matter to take into consideration when you are devising a retirement plan. It is an unpleasant reality to contemplate, but in fact, most elders will need help with their day-to-day needs at some point in time. Nursing homes are extremely expensive, and assisted living communities are also costly. People often spend multiple years receiving care, so the overall expenses can add up to consume everything that you have saved for retirement, and perhaps more. If … [Read more...] about Should I Buy Long-Term Care Insurance?
Free Report: Does An Indiana Revocable Living Trust Provide Asset Protection
Though Medicaid is the solution of last resort for many, you do not automatically qualify for Medicaid coverage if you need long-term care as an elder. It is a need-based program, and you cannot qualify if you have countable assets that exceed $2000 in value. Topics covered in this report include: Paying for Long-Term CareHealthy Spouse & Medicaid Monthly Maintenance Needs Allowance Click here to read the whole article or download the PDF. … [Read more...] about Free Report: Does An Indiana Revocable Living Trust Provide Asset Protection
Elder Law FAQs: Should I Give My Home to My Child?
Nursing home asset protection is something that should be on your radar when you are looking ahead toward your elder years. If you were to consult with an elder law attorney, you would hear about the impact that long-term care costs can have on your financial legacy. Many people are surprised when they find out that Medicare does not pay for nursing home care. This is relevant even if you have been healthy throughout your life, because most seniors will someday need living assistance. In … [Read more...] about Elder Law FAQs: Should I Give My Home to My Child?
Can Veterans Get Help With Long-Term Care Costs?
You should certainly be aware of the impact of long-term care costs when you are creating a retirement budget. It is natural to assume that your health care basics will be covered by Medicare, but in fact, this program does not pay for long-term care. Since living assistance is very expensive, this lack of coverage presents a significant challenge. There are steps that you can take to respond, and you would do well to discuss your options with an elder law attorney so that you can be properly … [Read more...] about Can Veterans Get Help With Long-Term Care Costs?
Elder Law FAQs: Does the Nursing Home Get Half of My Assets?
Elder law attorneys answer questions that people have about nursing home asset protection. You should definitely seek out legal counsel if you have concerns, because there are misconceptions out there. If you listen to the rumors that circulate, you may come away with misinformation. First off, we should point out the fact that Medicare does not pay for long-term care. If you were to enter a nursing home without making any preparations in advance to protect your assets, you would be entering … [Read more...] about Elder Law FAQs: Does the Nursing Home Get Half of My Assets?
What Is the Medicaid Community Spouse Resource Allowance?
Before we look at the Medicaid Community Spouse Resource Allowance, we should provide some background information about the relevance of the Medicaid program in general. You are probably aware of the fact that Medicaid is a government run health insurance program that exists to help people with very limited financial resources. As a working person, you are paying into the Medicare program, and you will qualify for Medicare when you reach the age of 65. You would not need Medicaid if you have … [Read more...] about What Is the Medicaid Community Spouse Resource Allowance?
Can I Give Gifts to My Children to Qualify for Medicaid?
If you have diligently saved for retirement as a working person, you may wonder why you will ever want to qualify for Medicaid. After all, you will qualify for Medicare to pay for your health care expenses, and Medicaid is a health care program for people with very limited financial resources. This is a very logical rationale, and many younger people see no reason to dig deeply into the Medicare rules and regulations. At the same time, when you look at the facts, you see exactly why you may … [Read more...] about Can I Give Gifts to My Children to Qualify for Medicaid?
Elder Law FAQS: How Common is Alzheimer's Disease?
From time to time, this thought may come into your mind: "I wish that I knew then what I know today." This is something that enters the picture when it comes to elder law matters. When you are younger, you may not understand the eventualities that you could face when you reach an advanced age. It can be hard to wrap your head around a time when you will not be capable of all the things you're capable of today. As a result, you may live in the moment without considering how … [Read more...] about Elder Law FAQS: How Common is Alzheimer's Disease?
