Start planning for Medicaid assistance now
Did you know that one out of every two women, and one out of four men, will require nursing home care at some stage of their lives? Unfortunately, long-term care is extremely expensive, and the cost goes up every year.
In Idaho, nursing homes charge an average of $6,000–$8,000 per month. Worse, Medicare will not pay for long-term nursing home care, assisted living care, or long-term care provided in the home. All of which helps explain why two out of every three families in the U.S. exhaust their life savings within one year of a prolonged nursing home stay. It is an unfortunate fact that most seniors and their families spend more money on their long-term care needs than they are legally obligated to spend. This is due to a general lack of education and planning in this area. Understanding your legal options to protect assets and qualify for benefits that will help pay for the care you or your loved one needs is the first step.
So are you destined to go broke to get the long-term care you need? Absolutely not! Let Elder Law at Ahrens DeAngeli Law Group help you qualify for assistance from Medicaid, veterans’ benefits, and other sources without spending down your savings or losing all of your assets. We can also help you plan in advance for the possibility of incapacity and the need for long-term care by utilizing a number of powerful asset protection tools, including trusts, life estates, annuities, and more.