Tag Archives: long term care
A recent New Jersey appeals court case demonstrates how important it is for families to come up with a long-term care plan before an emergency strikes. The case involves two brothers who got into a fight over whether to place … Continue reading
More and more states are switching to a managed care model when dealing with Medicaid long-term care patients, a change that has resulted in a loss of services in some cases. Many states use … Continue reading
Although their names are confusingly alike, Medicaid and Medicare are quite different programs. Both programs provide health coverage, but Medicare is an “entitlement” program, meaning that everyone who reaches age 65 and is entitled to receive Social Security benefits also receives Medicare.
Today’s average cost for ‘Best’ coverage for a 60-year-old couple each purchasing $164,000 of immediate coverage that grows to a combined benefit pool of $730,000 ($365,000 each) at age 85, is $3,840-per-year.
So on a given day, I may be asked to speak with a family member and schedule a time to visit a client in their home to help determine needs and more effectively offer resource information. I then communicate with the legal team to coordinate next steps, ensuring that the best plan for that particular individual is executed, with essential legal documents in place.
A recent study found that 46 percent of long-term care claimants were under the age of 65 at the time of disability. When thinking about long-term care planning and qualifying for assistance there a few options to consider. Medicaid eligibility calculates a person’s assets and if you have life insurance it could be considered an asset.
Without warning, Mom’s medical situation takes a significant turn downward and she goes from being independent and on her own, to needing 24/7 care in a very short period of time. The adult children rally to find a short term and long term solution since they don’t know how this will play out in the coming weeks and months ahead.
After the hospital and rehab at a local nursing home, Mom returns home. Initially the children take shifts to address Mom’s immediate care needs. When the children need to go back to work and Mom still cannot be on her own, an in-home caregiver is located and service begins immediately.
If you plan ahead for the care which many of us will need at some point, 100% impoverishment need not be the only option. We help families everyday get through the maze of long term care planning.
Life Care Planning is a service that helps people find and pay for good care for life. It is a “team” approach serving the needs of the client, which combines the skills of both of the Elder Law Attorney, Financial Advisors, Care Coordinators and Other Professionals.