After the active retirement years start to wane, life for seniors will take on a different complexion. Living assistance may be necessary. There is a concept called “aging in place” that you should understand when you are looking ahead toward the future. Modification of Living Spaces It can be difficult to accept the limitations that elders face, but it is simply part of life. If you recognize the inevitability and embrace it, you can use aging in place concepts to maximize your … [Read more...] about Consider the Benefits of Aging in Place
Elder Law
Are You Aware of the VA Aid and Attendance Pension?
U.S. military veterans who served for at least 20 years become eligible for a retirement pension. The exact details vary depending on the dates of service. The benefit amount increases if you serve beyond the 20-year threshold. If you are a veteran, you made sacrifices for your country. This pension can facilitate a comfortable retirement. You could remain in the service for your entire career. In this case, you would step away with a sizable pension to combine with your Social Security … [Read more...] about Are You Aware of the VA Aid and Attendance Pension?
Experts: Alzheimer’s Explosion Will Unfold
Elder law attorneys are sharing information about some important topics that are a bit disconcerting. As unpleasant as they may be, you should be aware of the eventualities that can come about when you reach an advanced age. In this article we will discuss some of those eventualities and look at what appropriate precautions you can take. Alzheimer’s and Incapacity The Alzheimer’s Association provides a lot of eye-opening information on their site. Over the last 10 years or so, the population … [Read more...] about Experts: Alzheimer’s Explosion Will Unfold
Important Medicaid Facts and Figures for Senior Long-Term Care
Most people look forward to retirement, and they project expenses they expect to have when they put their careers behind them. This is an imperfect science, and there is a factor that some people completely overlook. Living Assistance This is not a subject that anyone is especially anxious to think about, but most senior citizens will need paid long-term care. According to the state, the average daily cost for a room in a nursing home in Oklahoma is just under $180 a day, and in-home care is … [Read more...] about Important Medicaid Facts and Figures for Senior Long-Term Care
Medicaid Waiver Can Facilitate In-Home Care
The large majority of seniors will someday need help with their activities of daily living. According to the United States Department of Health and Human Services, 70 percent of elders will require assistance and 35 percent of elders will eventually reside in nursing homes. You might think Medicare would pay for long-term care since it exists to meet the needs of senior citizens. That sounds logical, right? But while it may not seem fair, Medicare does not cover these costs of custodial care … [Read more...] about Medicaid Waiver Can Facilitate In-Home Care
An Elder Law Lawyer Can Help You Preserve Your Legacy
Elder law lawyers help people prepare for issues that can arise as they age. You may wonder why there are financial-related legalities for seniors to navigate, which is perfectly understandable. Though elder law attorneys address many issues, asset protection for those entering nursing homes is at the top of the list. Many people assume Medicare will pay for long-term care. This seems to make sense, since the program is designed to address medical issues seniors typically … [Read more...] about An Elder Law Lawyer Can Help You Preserve Your Legacy
Does Medicare Pay for Nursing Home Care?
Medicare is a health insurance program that exists to address medical costs that are incurred by senior citizens. You gain Medicare eligibility by earning retirement credits when you pay taxes. Each year, you can get a total of four credits, and you are eligible when you have 40 credits. The eligibility age is 65 at the present time. Even if you do not work enough to accumulate the 40 credits and if you are married, you can qualify on your spouse’s work record. Convalescent Care vs. … [Read more...] about Does Medicare Pay for Nursing Home Care?
Address End of Life Challenges When You Are Planning Your Estate
A lot of people think that estate planning is strictly about the events that will take place after you are gone. This is certainly at the core of the matter. You should, however, consider some other facets if you want to be fully prepared for the future. Incapacity Among Elders Sometimes you have to confront some uncomfortable facts of life. As elder law attorneys, we are forced to meet them head-on. Most people do not pass away after being in perfectly good health for the days and weeks … [Read more...] about Address End of Life Challenges When You Are Planning Your Estate
Medicaid Planning: Five Key Facts
Medicaid Planning and What You Need to Know You may feel as though your financial plan is sound, and you will be in a position to leave significant inheritances to your loved ones. Unfortunately, many people that are in this position are overlooking a significant legacy risk - losing your assets to the exploding costs of long-term health care, specifically nursing home expenses. Repositioning your assets to qualify for Medicaid can help defer or eliminate this risk. Medicaid planning is … [Read more...] about Medicaid Planning: Five Key Facts
Things You Need to Know About Medicaid Estate Recovery
The Medicaid program is important to many seniors for one compelling reason: Medicaid will pay for long-term care. Medicare will not. Medicare will cover convalescent care after injury or illness, but it does not cover the custodial care that nursing homes provide. Assisted Living Expenses Most senior citizens will incur some form of long-term care costs. Be clear, nursing facilities can drain your bank account in a hurry. Genworth Financial recently released their 2021 survey, and they … [Read more...] about Things You Need to Know About Medicaid Estate Recovery
