Elder law focuses on the many challenges that come with growing older. This encompasses the financial, legal, emotional, and physical aspects of aging. It also tackles the problem of how families can afford expensive long-term care.
Nursing home care is expensive, costing thousands of dollars each month. The average monthly cost for nursing home care in Alabama is $6,000 per month. As you can imagine, it wouldn’t take long for your life savings to be spent on nursing home care. You do have options and can protect the life savings that you have worked so hard for while still receiving necessary medical care. You could purchase a long-term care insurance policy. However, these policies are very expensive, and many folks don’t qualify for them. Another option is that you could qualify for long-term care Medicaid benefits.
Medicaid is a joint program between the federal and state government. Medicaid will pay for your nursing home costs if you qualify under the rules of the program. To receive long-term care benefits, there are asset and income rules, and a look-back period of five years. However, with proper planning, you can engage in strategies to protect your life savings and your home while still qualifying for Medicaid benefits.
We can help you create and execute those strategies to plan for these challenges and respond to concerns as they arise. We’ll discuss with you the importance of planning and identify solutions to protect you or your loved one. Our services include:
- Support you in planning for and understanding health care planning, long term care options, patient rights, and Medicaid vs. Medicare
- A durable power of attorney
- Health care power of attorney
- A durable financial power of attorney
- Advanced directives
- Planning to manage and cover health care costs
We are advocates for seniors and their loved ones and encourage you to schedule a consultation to discuss your unique situation and explore options before a crisis arrives.
If a crisis has already occurred, and you are facing the unexpected need fr nursing home placement, we can explore various options to help you. Contact us right away.