There are multiple contingencies to consider when you are making preparations for the latter stages of your life. Financing your retirement years is of course going to be one of your concerns, but you also have to consider the eventualities that go along with entering into your twilight years. Your longevity is going to be one of the variables that is a significant factor. The population is rapidly aging, and senior citizens are making up a large percentage of the overall … [Read more...] about Long-Term Planning: Longevity Is a Factor
Elder Law
Medicaid Changes Announced
Medicaid is very important to many elders because most of the nursing home care that is provided in the United States is paid for by this joint federal/state program. Even if you were to enter into retirement with some reasonably significant savings they could be swallowed up by long-term care costs. In 2012 the average annual charge for a private room in a nursing home exceeded $90,000 throughout the United States. Senior citizens have a 40% chance of requiring nursing home care … [Read more...] about Medicaid Changes Announced
Discuss Living Assistance With Aging Parents
People are living longer lives these days, and the numbers of the "oldest old" are growing. This is the term that is used in the geriatric community to describe individuals who are at least 85 years of age. When you reach an advanced age it is likely that you are going to require living assistance. Some people reside in nursing homes or assisted living communities full-time, and others receive some level of in-home care. And of course, there are those who are incapacitated to … [Read more...] about Discuss Living Assistance With Aging Parents
Can You Apply for Social Security Online?
The Social Security program is important to seniors who are retiring. However, we must emphasize the fact that your benefit alone is probably not going to be enough to support the type of retirement that you may have always envisioned. If you want to devise a plan that includes Social Security but is not entirely dependent on it you would do well to speak with a local Indianapolis financial planning attorney who has a history guiding people toward the fruition of their long-term … [Read more...] about Can You Apply for Social Security Online?
Elder Law Report Explains Medicaid Planning
People who are serious about preparing for the future should certainly consider the matter of long-term care. There are some misconceptions out there about the Medicare program. Some individuals go forward living in the moment without actually learning all the details. Sometimes they find out some disturbing facts when it is too late to react. Medicare will not pay for an extended stay in a nursing home or an assisted living community. And if you are thinking that you probably … [Read more...] about Elder Law Report Explains Medicaid Planning
MetLife Releases 2012 Long-Term Care Survey Results
The results of the brand-new 2012 MetLife Mature Market Institute survey on the state of long-term care costs have been made public. Not surprisingly, the cost of residence in nursing homes and assisted living communities throughout the United States continues to rise. Before we share some of the statistics we would like to emphasize how important it is to plan ahead for these potential expenses. Medicare will not pay for an extended stay in a nursing home or assisted living … [Read more...] about MetLife Releases 2012 Long-Term Care Survey Results
Engage Elder Law Attorney Before Signing Nursing Home Agreements
Sometimes you hear about a court case that has profound elder law significance, and we recently came across a 2011 decision that is quite instructive to those who are preparing to enter into nursing home agreements. The case that we are referring to is the matter of Cook Willow Health Center v. Judy Andrien. Ms. Andrien went about the task of having her mother admitted into Cook Willow Health Center, which is a nursing home. When she was filling out the paperwork she entered into an … [Read more...] about Engage Elder Law Attorney Before Signing Nursing Home Agreements
Does Medicaid Count Your Home as an Asset?
Many people think of Medicaid as a program that provides very low income people with access to medical care, and this was the original intent of the program. However, the Kaiser Family Foundation states that seven out of every 10 seniors who are residing in nursing homes are using Medicaid to pay for their care. The truth is that not all of these individuals are poverty-stricken. Why can't they just write out a check if they would not describe themselves as being poor? The fact … [Read more...] about Does Medicaid Count Your Home as an Asset?
Examine Insurance Policy Before Selecting Long-Term Care Facility
If you are a serious minded individual you are going to want to develop a relationship with a good Indianapolis elder law attorney as retirement starts to come into focus. Most people are going to have questions along the way, and if you take action without consulting with your lawyer you may make decisions that you regret at some future point in time. With the above in mind there was a case decided by a court in Kentucky recently that is of interest to the elder law … [Read more...] about Examine Insurance Policy Before Selecting Long-Term Care Facility
More Senior Couples Eschewing Marriage
An interesting elder law trend has emerged involving the numbers of seniors who are in relationships who decide not to get legally married. According to United States Census statistics, if you compare findings from 2005 through 2007 to the 2008-2010 figures, the number of Americans in their 60's who are unmarried but living with partners has increased by 14%. There are a variety of different financial reasons why more people are deciding to remain unmarried. One of them involves … [Read more...] about More Senior Couples Eschewing Marriage
