Long-term care is one of the most pressing elder law issues of our day. The majority of senior citizens are going to need help with their day-to-day needs eventually, and Medicare will not pay for long-term care. It is not easy to pay for a nursing home or assisted living community out-of-pocket. In the state of Oklahoma, a typical stay in a nursing home can result in a six-figure expense. If you require long-term care as a United States military veteran, you may be entitled to a very … [Read more...] about What Is the Veterans Aid and Attendance Special Pension?
Long-term care costs are a source of concern within the elder law community. According to the United States Department of Health and Human Services, 70% of people reaching the age of 65 will need long-term care eventually. You cannot count on Medicare to help, because Medicare does not pay for custodial care, even if it is in-home care. The Medicaid Program Medicaid is a government health insurance program that will pay for long-term care. It pays for most of the long-term care that is … [Read more...] about Does Medicaid Pay for In-Home Care?
Nursing homes and assisted living communities are very expensive, and most people cannot comfortably absorb these costs out-of-pocket. Medicare does not pay for long-term care, but Medicaid will assist with these costs. This is why many people who were never financially needy throughout their lives ultimately seek Medicaid coverage. Qualifying for Medicaid Coverage Most people are aware of the fact that Medicaid is a need-based program. There are asset and income limits in place, and … [Read more...] about Does Medicaid Count the Value of My Home?
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...] about Care Management for the Elderly
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...] about Robot Caregivers On the Horizon
Before we provide some tips for finding the right elder law attorney, we would like to explain why you need one. Elder law attorneys are focused on legal matters that directly impact senior citizens. Everyone should be aware of elder law matters. Certain legal steps must be taken if you want to be prepared for the eventualities of aging. … [Read more...] about How Do You Find an Elder Law Attorney?
If you are going to be qualified for Medicare as a senior citizen, you may feel as though Medicaid is not relevant to you. These are both government health insurance programs. You qualify for Medicare by earning retirement credits while you are working. Medicaid is available to those who can demonstrate financial need. Medicaid is important for many senior citizens who qualified for Medicare because Medicare will not pay for long-term care. The majority of senior citizens will require living … [Read more...] about What Are the Disadvantages of a Medicaid Trust?
When you think about health insurance for senior citizens, Medicare is probably going to come to mind first. You pay into the Medicare program when you are working and paying taxes. You can accumulate as many as 4 retirement credits per year. Once you have 40 credits, you will qualify for Medicare when you reach the age of 65. Medicaid is a need-based health insurance program for people of all ages. Most seniors are not going to need Medicaid coverage when they reach the age of 65, because … [Read more...] about Is There a Medicaid Asset Limit?
The United States Department of Health and Human Services tells us that 70 percent of people who are turning 65 on this day will eventually require assistance with their day-to-day needs. If you were to reside in a nursing home or assisted living community, you are looking at some significant expenses late in your life. … [Read more...] about What Is the Medicaid Monthly Maintenance Needs Allowance?
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...] about Do You Have to Impoverish Yourself to Qualify for Medicaid?