People are living longer than in the past. As they age, their healthcare needs tend to increase. The cost of living and the cost of healthcare continue to rise. As a result, there is an increased need to plan for quality of life in later years.
The high cost of long-term care for those who are elderly or disabled can be a very stressful and pressing issue or challenge for families. In Georgia, the cost of nursing home care typically exceeds $6000 per month. For many, the high costs of long-term care can wipe out savings in a few years or a few months. If families are unprepared, these expenses can be a substantial financial burden.
Many seniors are concerned about how they will afford long-term care if they need it in the future. Will they have to sell their home? Will they lose everything to pay for the costs of nursing home care? How will they pay for long-term care and be able to take care of the spouse or other loved one who is still at home? Will they be able to leave anything to their heirs?
Medicare does not cover most nursing home costs. As a result, families face the possibility of having to sell their homes or spend their hard-earned savings on the costs of long-term care. Another option is to apply for Medicaid benefits.
We can help…
Medicaid eligibility rules are complex and restrictive. Navigating the application process can be overwhelming during a time of crisis. There are limits on the levels of income and resources a person may have in order to qualify for nursing home benefits. Those who have income and assets that exceed Medicaid limits will not be able to qualify to receive nursing home benefits. Duckett Law LLC provides legal assistance in the following related areas:
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