Approximately 70 percent of Americans over the age of 65 will need some level of long-term care services in their lifetime with 40 percent needing care in a nursing home. If you find yourself, or someone you love, in need of long-term care, it is important to also understand the rules and regulations that apply to LTC facilities. To get you started, a Carmel elder law attorney at Frank & Kraft explains long-term care transfer and eviction rules you need to know.. Your Federal and State … [Read more...]
What Assets Can a Spouse Keep on Medicaid?
Like most people, you undoubtedly hoped that you and your spouse could live out your retirement years in your own home without the need for long-term care. If, however, one of you reaches a point at which the type of care provided by a nursing home is necessary, you will also have to face the reality of the high cost of that care. One option may be to turn to Medicaid for help paying the bill; however, qualifying for Medicaid comes with its own set of obstacles and concerns. One of those … [Read more...]
Why Seniors Face Problems if They Don’t have a Nursing Home Plan
Nursing home attorneys can work closely with you to help you create a plan in case you must go into a nursing home. It is important to be prepared for the possibility to avoid stress for your family, financial hardship and the possibility of ending up in a nursing home that will not provide the high quality care that you both need and deserve as a senior. Frank & Kraft can help you to craft a comprehensive and detailed nursing home plan that allows you to be … [Read more...]
How to Choose a Nursing Home That Provides High Quality Care
Carmel nursing home attorneys can help you to prepare for the possibility that you will some day need to move into a nursing home. Around 70 percent of people who are aged 65 or older will end up needing nursing home care during their lifetimes, according to Wall Street Journal so it makes a lot of sense to prepare in advance for what happens if you become one of the majority of seniors who needs care. By planning in advance, you spare your family from having to scramble to find … [Read more...]
Confused About How to Pay for Nursing Homes in Indianapolis?
If you’re like most people, you probably haven’t given much thought to things like long-term care for yourself or your spouse. Chances are, you’re just too busy living to spend much time thinking about things that might or might not be important later on in life. If you’ve had a health scare or a recent injury, however, that dynamic may have changed. There are times in life when our own frailty and mortality can simply no longer be ignored. If you have started thinking about the possibility that … [Read more...]
Medicaid and Long-Term Care: A Brief Primer
Long-term care can seem like something that is only relevant to others, but in reality, everyone should take the matter seriously. We all get older, and you should prepare for the eventualities of aging so that you are not confronted with any unpleasant surprises as a senior citizen. Most people will qualify for Medicare coverage at the age of 65, but Medicare does not pay for long-term care. Since nursing home care can cost $100,000 or more per year, this is a very significant hole in the … [Read more...]
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...]
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...]
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...]
Will Medicare Cover All of My Health Care Costs?
We provide holistic assistance for people who want to be fully prepared for the eventualities of aging. One thing leads to another, so you should prepare for your active retirement years and the twilight years that will follow. Medicare is an important piece to the puzzle. Most people are aware of the fact that Medicare is a government health insurance program that is intended to provide health care coverage for senior citizens. Everyone does not automatically qualify for … [Read more...]
