Alzheimer's disease causes dementia, and dementia can cause victims to lose their capacity to make sound decisions. People are living longer than ever, with the 10 year age group comprised of people between 85 and 94 years old growing faster than any other from the year 2000 to 2010 according to the United States Census Bureau. Once you reach the age of 85 Alzheimer's becomes a very real threat with upwards of 45% of the "oldest old" suffering from the disease according to the Alzheimer's … [Read more...]
Latter Life Expenses Loom Large
There is no issue of interest to the elder law community more attention-getting than that of long-term care costs. According to the United States Department of Health and Human Services, seven out of ten Americans will eventually require some type of long-term care. You will probably need care, and Medicare won't pay for it. All that's left is to get out your checkbook, right? That may be an option, but in 2016 the average annual expense for a private room in a nursing home was over … [Read more...]
Latter Life Expenses Loom Large
There is no issue of interest to the elder law community more attention-getting than that of long-term care costs. According to the United States Department of Health and Human Services, seven out of ten Americans will eventually require some type of long-term care. You will probably need care, and Medicare won't pay for it. All that's left is to get out your checkbook, right? That may be an option, but in 2016 the average annual expense for a private room in a nursing home was over … [Read more...]
Latter Life Expenses Loom Large
There is no issue of interest to the elder law community that is more attention-getting than that of long-term care costs. According to the United States Department of Health and Human Services seven out of ten Americans will eventually require some type of long-term care. So you will probably need care, and Medicare won't pay for it. All that's left is to get out your checkbook, right? That may be an option, but in 2016 the average annual expense for a private room in a nursing home was … [Read more...]
Oklahoma Medicaid Planning: What Can the Healthy Spouse Keep?
https://www.slideshare.net/ParmanLawOK/oklahoma-medicaid-planning-what-can-the-healthy-spouse-keep Oklahoma Medicaid Planning: What Can the Healthy Spouse Keep? from Larry Parman Most senior citizens will eventually need help with their day-to-day needs Long-term care is extremely expensive, and Medicare will not assist with these costs. Learn more about Oklahoma Medicaid Planning in this presentation. … [Read more...]
Care Management for the Elderly
As we get older, thinking about retirement and aging can raise many questions, both for the person getting older and their adult children. Most start with, “how am I going to pay for…” How are you going to pay for all the care you may need and what are all your care options? It’s important to think about care management, not just for financial reasons but to ensure you get the best care possible for yourself or a grandparent, mother or father who may need it. It’s never too early to get … [Read more...]
Robot Caregivers On the Horizon
Sometimes numbers don't add up, and this can be disturbing when you're talking about the well-being of senior citizens. The population is aging rapidly. Members of the baby boomer generation are now reaching retirement age. It is estimated that by 2030 there will be 72.1 million people in the United States that are over the age of 65. This is almost double the number of senior citizens that we have currently. … [Read more...]
Veteran’s Affairs Claims Update
The processing of Veterans Affairs (VA) claims can be a long and arduous course from initial submission of the application to the first payment of your VA benefit. In some instances we’ve dealt with, the process has taken a year or longer. If the claimant is incompetent, additional months of delay can be expected. We have even experienced situations where our clients pass on before they see an award and without any hope of payment to their families. Because of this, we … [Read more...]
Do You Have to Impoverish Yourself to Qualify for Medicaid?
Medicaid is a joint federal/state government administered health insurance program for people with financial need. Most people who have worked for a significant period of time are going to qualify for Medicare when they are senior citizens. The majority of them have some resources. Because of this they wouldn't qualify for Medicaid. Therefore, you may assume that Medicaid is really not relevant to most senior citizens. … [Read more...]
What Are the Disadvantages of a Medicaid Trust?
You may wonder why Medicaid would be relevant to you if you are going to qualify for Medicare as a senior citizen. The reason why Medicaid is relevant to many elders is because of the fact that Medicare will not pay for custodial care. Custodial care is the type of care that you would receive in a nursing home or assisted living community. It is essentially living assistance rather than medical or convalescent care. For this reason, it is not covered under Medicare. … [Read more...]
