Just over half of senior citizens will need paid long-term care, and 35 percent of elders will move into nursing homes at some point. As you might imagine, nursing home care is very expensive. In the state of Oklahoma, the average cost for a day in a nursing home is $179.57. This equates to over $65,500 for a year, and 12 months is the average length of stay. This is a lot of money to come up with late in your life after many years of retirement. Medicare does not cover these … [Read more...] about An Overview of Medicaid Protections for the Healthy Spouse
Medicaid
Does Medicaid Really Take Your Home?
The simple answer to the question above is, "yes, it can." But with proper planning, the loss of your home may be avoided. Often, people get partial information about government programs for seniors and they proceed based on some misconceptions. In this post, we will look at one of these and help you see the complete picture. But first, let's provide the necessary background information for those who may need it. Medicare and Long-Term Care If you work and pay taxes for at least 10 … [Read more...] about Does Medicaid Really Take Your Home?
Irrevocable Medicaid Trusts
May 19, 2020 by Steve Hartnett Medicaid is a state-federal partnership that provides medical benefit assistance to certain needy people, especially those over 65 years of age. However, you need to meet financial requirements such as asset limits to qualify. Assets in an irrevocable trust not for your benefit typically don’t count as available. Read on to learn more. In order to be considered to have financial need, when you go into a nursing home and go on Medicaid, you cannot have more than … [Read more...] about Irrevocable Medicaid Trusts
Do You Have to be Poor to Benefit from Oklahoma Medicaid?
Oklahoma Medicaid is a program for people with low-incomes. Medicaid is also designed to provide services to some disabled individuals and seniors. In Oklahoma, Medicaid is commonly referred to as SoonerCare. The rules to qualify for SoonerCare vary depending upon the program for which you are seeking benefits, but in general, SoonerCare is supposed to provide for people who do not have a lot of money and assets. Unfortunately for many seniors, Medicaid or SoonerCare may be the only way … [Read more...] about Do You Have to be Poor to Benefit from Oklahoma Medicaid?
Will Medicaid Pay for a Family Caregiver in Oklahoma?
Are you a senior who is experiencing the physical and/or mental deterioration that comes along with the natural aging process? If so, it may be getting difficult – even unsafe – for you to care for yourself without help. Understandably, however, you do not want to leave your home and move to a long-term care facility. By the same token, you don’t like the idea of someone you don’t know caring for you. As the Oklahoma City Medicaid lawyers at Parman & Easterday explain, there are two Medicaid … [Read more...] about Will Medicaid Pay for a Family Caregiver in Oklahoma?
What Does Skilled Nursing Care Mean And Why Does It Matter?
Our Oklahoma City Medicaid planning attorneys provide assistance with making a Medicaid plan so you can afford the costs of care you may need if you get sick or as you get older. It is very important to understand the rules for getting your care covered, as nursing home care or in-home care could cost thousands of dollars every single month. If you are not aware of the coverage rules, you could end up spending your entire life savings on nursing home care. Parman … [Read more...] about What Does Skilled Nursing Care Mean And Why Does It Matter?
Why Asset Protection Is More Important If You’re Getting Older
Oklahoma City Medicaid attorneys can provide assistance with the asset protection process. Medicaid attorneys help ensure your assets are safe from some prime potential sources of loss that arise as you get older. Unfortunately, as you age, the risk of asset loss increases because of the increased chance that you will suffer a serious illness or age-related infirmity that puts your health and wealth at risk. Parman & Easterday can explain why asset protection becomes more important … [Read more...] about Why Asset Protection Is More Important If You’re Getting Older
Why Not Hiring a Medicaid Attorney Can Cost You
Hiring a Medicaid attorney is very important if you or anyone in your family is currently depending upon Medicaid or may need to depend upon Medicaid in the future. Medicaid attorneys provide knowledgeable and personalized assistance to individuals and families who come to rely upon the benefits that Medicaid provides, especially in situations where someone must qualify for Medicaid for the Aged, Blind and Disabled. Parman & Easterday has extensive experience with the Medicaid … [Read more...] about Why Not Hiring a Medicaid Attorney Can Cost You
Oklahoma Medicaid Cuts Can Affect Nursing Home Patients
An Oklahoma City Medicaid planning lawyer can help you qualify for Medicaid to help cover nursing home care when you need it. Medicaid is one of the most important programs for seniors because it is one of the few options for paying for nursing home care. Understanding the rules for Medicaid eligibility is absolutely essential for seniors. While many seniors depend upon Medicaid, the Government has problems keeping this important government insurance program fully … [Read more...] about Oklahoma Medicaid Cuts Can Affect Nursing Home Patients
