The Medicaid program is relied upon by a significant percentage of seniors who require long-term care. This is because of the fact that Medicare will not pay for living assistance. If you need help with your activities of daily living, this is considered to be custodial care. Medicare will pay for convalescent care after surgery for as long as 100 days, but it will not pay for custodial care at all. … [Read more...] about What Assets Can I Keep When My Spouse Qualifies for Medicaid?
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This year about 9 million individuals over the age of 65 will require long-term care of some kind (such as in-home, assisted living, or nursing home care), and estimates show that 12 million Americans will require it by 2020. Discover the 5 reasons paying for long-term care expenses is a very real concern and why you should start planning ahead now. Watch this short video (4:50) as Parman & Easterday attorneys Blaine Peterson and Jerry Shiles explain how to prepare for the possibility of … [Read more...] about Will Long Term Care Wipe Out Your Children’s Savings?
Elder law attorneys assist clients who are preparing for the eventualities of aging. Let's look at three specific questions that you should ask your elder law attorney. How Will I Pay for Long-Term Care? The majority of elder Americans will need assistance with their day-to-day needs at some point in time. Residence in a nursing home or assisted living community is very expensive. In-home caregivers can be costly as well. … [Read more...] about What Questions Should I Ask an Elder Law Attorney?
Medicaid has become the de facto long-term care insurance for many American senior citizens. This is true even though many of them were never impoverished throughout their lives. … [Read more...] about Can You Prevent Medicaid Recovery in Oklahoma City by Adding Someone to Your Property Title?
Did you know that 1 in 3 seniors dies with Alzheimer's or another dementia; it is the 6th leading cause of death in the United States - the only one out of the top ten with no methods of preventing or slowing it down; about 60% of family-caregivers are dying BEFORE the patient because of the 24/7 stress of taking care of their loved one; and in Oklahoma alone, the number of people who will suffer from Alzheimer's will double in the next ten years. … [Read more...] about Learn to Help Others Navigate the Issues of Alzheimer’s and Dementia
It’s never fun to think about needing help taking care of yourself in the future. This is why we procrastinate when it comes to discussing long-term care until the need arises, often too late to do much about it. We all know we should start planning for long-term care now, so let me give you some reasons for getting started. People are living longer and are more likely to need long-term care. According to the U.S. Department of Health and Human Services, 70 percent of those … [Read more...] about Planning for Long Term Care
In one of our recent newsletters, I talked about the risk of elder financial abuse. One of the reasons this has become such a problem is the scourge of Dementia. The most common forms of dementia are Alzheimer's disease and vascular (post-stroke) dementia, with Alzheimer's at 60-80 percent of all dementia cases. There is no current treatment to slow or stop this mental deterioration. … [Read more...] about The Threat of Elder Financial Abuse
Estate planning has different facets. There is a perspective that involves the slicing up of a pie; whatever you happen to have left after you pass away gets sliced up and split among your beneficiaries. … [Read more...] about Frank Talk About In-Home Care
We would like to take this opportunity to answer three of the most commonly asked elder law questions. 1.) I have heard that elder law largely centers around the issue of long-term care and the costs involved. Doesn't Medicare pay for long-term care? This is a common misconception. Medicare will pay for as many as 100 days of convalescent care after surgery. It won't pay for a long-term stay in a nursing home or assisted living community. … [Read more...] about Top Three Elder Law Answers
They say that the numbers don't lie, and this is certainly the case when considering the possibility of needing long-term care. Most people for example, expect to live until they’re at least 65. If you reach that birthday, studies show that men have a 60% chance of living until the age of 80. For a 65-year-old woman, that number increases to 71%. But the older you get, the more likely you are to need assistance. An estimated 70% of people over the age of 65 will require some sort of … [Read more...] about Long-Term Care: Do the Math