Most seniors will need living assistance eventually, and Medicare does not pay for custodial care, which is the type of care you would receive in a nursing home or assisted living facility. Although Medicaid can provide coverage for long-term care, what happens when you pass away and Medicaid comes after your assets? Let our Florence Medicaid lawyer explain how Medicaid estate recovery works and how to be prepared. Medicaid and Long-Term Care Coverage The Medicaid program provides long-term … [Read more...] about Medicaid Planning Requires Understanding How Medicaid Recovery Works
When you're healthy, it can be hard to imagine needing long-term care, especially if you have taken good care of your health throughout your life. Even if you don't expect to need long-term care, you should not overlook the costs. Here, our Charlotte Medicaid lawyer will discuss asset protection issues. Longevity plays a factor in the need for early planning First, we should take a look at longevity. The oldest segment of the population is growing faster than any other. The Social Security … [Read more...] about Charlotte Medicaid Lawyer Explains How to Protect Your Assets
In the elder law community, the high and rising costs associated with long-term care are a major source of concern. These expenses are something to keep in mind when you are making plans for the future, and if you stick your head in the sand you may find yourself in an untenable situation at some point in time. The fact is that the majority of senior citizens will eventually need long-term care, so if you make no advance plans you could be unprepared for the cost when the time comes. With this … [Read more...] about Medicaid Planning as a Long-Term Care Solution
Medicaid fraud and abuse are a reality in our country, unfortunately. The abuse costs billions every year because of the funds that are diverted from the program and not used for legitimate health care services. As our Ashland Medicaid attorney can tell you, the fraud and abuse ultimately increase the cost of Medicaid. It also increases the risk of detriment to patients who are unknowingly subjected to unnecessary medical procedures and medications. Here is what you need to know in order to … [Read more...] about Ashland Medicaid Attorney Discusses Medicaid Fraud and How to Avoid It
Do you have a plan in place to deal with the high costs of any future nursing home care? If not, then you need to discover how a Medicaid lawyer can help you protect yourself and your interests. We often hear about how important it is that we all prepare for the future. Whether it is business planning, legacy planning, or retirement plans, professionals continually remind us that it’s vital to be prepared for uncertainty. With more than half of us expected to one day require long-term care in a … [Read more...] about Using Medicaid Planning to Prepare for the High Cost of Nursing Homes
Nursing home care has been on the rise for some time now, and the average costs for that care now exceed $200 a day in many places around the country – with monthly costs ranging from $6,000 to more than $10,000. Unfortunately, most seniors cannot afford those kinds of expenses, and many have little choice other than to rely upon government programs like Medicaid to help cover the cost. The problem is that Medicaid’s eligibility standards are so strict that seniors can sometimes struggle to meet … [Read more...] about Can You Avoid the Need for Emergency Medicaid Strategies?