Like most people, you may have spent your youth without ever giving a thought to the possibility that you might one day need nursing home care. After all, young and healthy people rarely think about how their bodies might one day betray them as the aging process makes it more and more difficult to care for their own needs. Still, that happens to many of us, and some experts suggest that roughly half of us will someday spend at least some time as a resident in a long-term care facility. To … [Read more...]
Secure Your Future Nursing Home Care with Medicaid Trust Planning
If you’ve been keeping up with the news in recent years, then you’re probably already aware that nursing home costs have been rising to new heights. In the state of Indiana, those costs now exceed $200 a day, with some facilities charging more than $9,000 a month. It’s only natural to wonder how the average resident is supposed to be able to afford those rates – especially when you consider the fact that most Americans have less than $10,000 in retirement savings! To cover those costs, you need … [Read more...]
The Rising Popularity of Medicaid Planning
With well more than half of all American adults currently projected to need long-term care at some point in the future, the issue of nursing home costs has taken on even more importance in recent years. As anyone who’s followed the news knows, those costs have skyrocketed in the last several decades, and have reached the point where large numbers of Americans can expect to pay around $200 a day or more for their nursing home care. Obviously, most people won’t have those sorts of resources around … [Read more...]
Learn How an Indianapolis Medicaid Attorney Can Help with Your Elder Law Needs
The senior years are filled with many surprises, but few offer more of a challenge than the evolving legal needs we all face as we get older. Along with the physical and mental changes that typically accompany the aging process, seniors often face a whole host of legal issues that are specific to their age group. These can include everything from incapacity and end-of-life concerns to abuse and neglect. One issue often rises above all others, however: finding a way to pay for the high costs … [Read more...]
Protecting Seniors’ Interests with an Elder Law Attorney in Indianapolis
If you only paid attention to the sheer volume of laws that our society has passed in an attempt to protect the interests of older Americans, then it might be easy to assume that those interests could never be at serious risk. Unfortunately, those laws are only useful if they are used, and many of them are too complex for seniors and their families to navigate on their own. And when average Americans try to navigate the many laws and regulations that are currently on the books, it is all too … [Read more...]
Beat the High Cost of Nursing Home Care with a Medicaid Attorney in Indianapolis
The high costs associated with nursing home care in the United States can be a major concern for many seniors and their families. If you know or suspect that you might need long-term care, you too may be worried about the prospect that all of your hard-earned retirement savings might be consumed by those costs – and there’s good reason for that concern. The fact is that nursing home care can exceed $200 a day in many areas of Indiana, and few seniors can afford those kinds of expenses. There is … [Read more...]
Indiana Medicaid: Dispelling Some of the Most Common Myths
When it comes to senior long-term care, there are few things more important for most of our older loved ones than the benefits available from the Medicaid program. Many Indiana seniors rely on those benefits to pay for nursing home costs that continue to rise with each passing year. Like other income and asset-based programs, however, any senior’s ability to qualify for Medicaid benefits depends on his or her financial situation during the application process. To ensure eligibility, many people … [Read more...]
Study Suggests Indianapolis In-Home Care Costs Are Rising
If you or an elderly loved one have been assuming you could escape the high costs associated with nursing home care by relying on in-home care, the latest Genworth Financial study on long-term care costs suggests that you’re at least partially correct. Much has been said and written in recent years about the continual rise in nursing home costs across the country – a trend that has seen the cost of a private long-term care room in the Indianapolis area soar to more than $88,000. According to the … [Read more...]
How Can a Medicaid Lawyer Save You Money?
Elder law attorneys help clients who are interested in preparing for the eventualities of aging. When you are planning ahead for your active senior years and the twilight years to follow, you should understand what to expect from government programs like Medicaid and Medicare.When you see the complete picture as it applies to long-term care, you will immediately understand how a Medicaid lawyer can save you a great deal of money if you plan ahead proactively. Let's look at the … [Read more...]
An Explanation of Indiana Medicaid Guidelines
Medicaid is a program that is available to qualified applicants nationally. Indiana Medicaid is a health insurance program, and it is administered by the federal government along with the state government.Most senior citizens will qualify for Medicare when they reach the age of 65 under currently existing laws. Medicare is a source of health insurance, so you would not need Medicaid if you qualify for Medicare. Plus, if you have resources, you would not be eligible for Medicaid coverage, … [Read more...]
