Elder law attorneys do everything possible to raise awareness about the issue of long-term care. You may think that it is unlikely that you will ever need living assistance and it can be hard to envision a time when you may not be able to do everything for yourself. However, statistics show that the majority of individuals who reach the age of 65 will indeed need help with their day-to-day needs at some point in time. … [Read more...] about Agencies Providing In-Home Care Studied
The Veterans Aid & Attendance special pension is a military benefit that will provide a monthly payment to eligible veterans who need living assistance. This can include in-home care or residence in a nursing home or assisted living community. … [Read more...] about Veterans A & A: Changes in the Offing?
If you stick your head in the sand with regard to the possibility of incurring assisted living expenses late in your life, you may find yourself in a difficult situation once you reach your twilight years. … [Read more...] about Oklahoma City Elder Law Attorney Asks – Are You Preparing For Assisted Living Expenses?
Here is another denial zone for most people entering their retirement years. When you think about your retirement, it is natural that you would create a mental picture of a life of free time. You can travel, play golf or tennis, dine out, work in the garden, and otherwise enjoy your golden years in the way that you always envisioned when you were busy traversing a career path. … [Read more...] about Medicaid Planning
Virtually every week in our office the topic of assisted living, or an alternative to it, comes up in conversation with our clients or their families. A high percentage of people who live long enough to become senior citizens are going to need living assistance at some point in time. … [Read more...] about Alternative To Assisted Living Communities
You may be thinking that you really don't care about long-term care costs because you will be on Medicare should you need long-term care. The unfortunate fact is that Medicare does not cover in-home care, assisted living community or nursing home expenses. You're on your own in that regard -- unless you can qualify for Medicaid. … [Read more...] about Federal Medicaid Cuts Could Take Toll On Seniors
The legal specialty of estate planning includes the niche known as elder law planning. Because of the changing demographics of our nation these are interesting times for elder law attorneys. Our nation's population is aging at a very rapid rate. Now comes the flood of baby boomers approaching retirement age. This means unprecedented numbers of people will face the realities that go along with aging. If you want to be able to address all of the contingencies that may arise you … [Read more...] about Long-Term Care: Making Preparations
A lot of people don’t realize that Medicare offers only limited coverage when it comes to nursing home stays, and in most cases there is no coverage at all unless the patient was admitted to the hospital for at least three days prior to being admitted to a nursing facility. What this means is that a number of seniors must pay out of pocket if they must enter a nursing home in order to receive rehab services.Due to certain Medicare rules, many people are being placed in a hospital setting not as … [Read more...] about Nursing Home Rehab and Medicare
One of the most daunting expenses that senior citizens will be facing later in their lives is that of long-term care, and make no mistake about it: These costs are significant, and they are expected to continue to rise. According to the annual MetLife Mature Market Institute survey, a year living in an assisted living facility in the United States in 2010 would run you nearly $40,000. The same period of time residing in a nursing home would carry a price tag of $83,500 on average. The … [Read more...] about Taking Long-Term Care Costs Into Consideration
The costs associated with long-term care are a source of concern in the elder law community. Approximately four out of every 10 individuals who reach the age of 65 will someday spend some time in an assisted-living facility, nursing home, or both. To drill down a little bit further, citizens 85 years of age and older are the fastest-growing segment of the American population. About 25% of people who reach this age are residing in a nursing home at any given point in time. … [Read more...] about Medicaid Eligibility & Gift Giving