LONG TERM CARE & MEDICAID PLANNINGWHAT IS LONG TERM CARE AND MEDICAID PLANING?

Long term care planning is about more than just insurance and it addresses more than just financial issues. Decisions must be made about the near and long-term evolution of a loved one’s housing, daily living and social activities, emotional support, medical care adjustments, and other needs.

Families can legally protect their assets from the high expense of long-term care by planning for and qualifying for Medicaid benefits even if your loved one is already in a nursing home.

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was the median annual cost for nursing home care in Massachusetts in 2016. That’s a daily rate of about $380!

Source: Genworth 2016 Cost of Care Survey Massachusetts

When should your family do long term care planning?

It’s never too early to do long term care planning. Anyone over the age of 18 can create a plan and modify it over time.

Long term care planning is perhaps the best gift you can give the generations of your family. It’s important to plan for and communicate your hopes and fears for life when daily activities become increasingly difficult over time. Long term care planning allows you to prepare financially and protect your family from an unnecessary financial burden.

Couple talking to advisor

At least 70% of people over 65 will need long-term care services and support at some point in their lives.

Source: 2015 Medicare &You, Centers for Medicare & Medicaid Services)

How can Generations Law Group help with your family’s Long term Care Planning?

Cathleen Summers, a founding attorney at Generations Law Group, applies her years of experience as a nurse to help families understand Medicaid eligibility and other issues pertaining to preparing for a loved one’s long-term care.

The Medicaid application process can be stressful enough when you’re not worried about the health of a loved one; it can be overwhelming when you are. Choosing a law firm with long term care planning as a cornerstone of its services is important because this area of law is constantly changing and a delay in qualifying for Medicaid or errors in the application can translate into thousands of dollars lost and delays or denial of eligibility.

Our knowledgeable, compassionate attorneys with extensive experience, even under stressful or crisis circumstances can help you:

PRACTICE LEADER

Cathleen Summers

NURSE ATTORNEY
Cathleen Summers, Esq

Legally protect your assets within the Medicaid laws, while maintaining quality of care for your loved one.
Assess your Medicaid eligibility and address any recent gifts or transfers that might be problematic to gain approval, if not properly addressed.
Prepare and file your Medicaid application even if your loved one is in a nursing home
Understand the rules governing Veteran’s Aid & Attendance and assist you with determining if you have benefits available to you.

Download a PDF version of this information today

Resources

I Can’t Afford Nursing Home Care for My Spouse. What Do I Do?
Plan for Eldercare Now Before the Choice is No Longer Yours
Understanding the Financials – Continuing Care Retirement Communities
It’s That Time of Year – Medicare Open Enrollment
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