As you get older, the chances that you will need nursing home care increase. In fact, once you have reached the age of 65, there is a 40 percent chance you are going to have to get care in a nursing home and there is a 20 percent chance that you will have to stay in that home for at least five years, according to the Wall Street Journal. The problem is, nursing home care is very expensive and typically not covered by any kind of private insurance policy or by Medicare.
The Law Offices of James A. Miller, P.C. can help you to ensure you are able to pay for the costs of nursing home care if it becomes necessary. You do not want to end up spending your life savings or being unable to actually afford the care that you need if age or illness stop you from living independently. To make sure you don’t cause financial hardship or face difficulty getting care, you should act as early as possible before the time you must go into a nursing home so you can put a proactive plan in place to protect your wealth. Contact Burlington nursing home lawyers at The Law Offices of James A. Miller, P.C. today to find out how we can help you to make this plan.
How Burlington Nursing Home Lawyers Help You Get Nursing Home Care Costs Paid For
Medicare covers skilled nursing care, which is the kind of care that must be provided by a trained medical professional. This kind of care is covered only under very specific circumstances and it is typically covered by Medicare only for a limited duration of time. There may also be costs that you need to pay in order to get Medicare to pay for skilled nursing care.
Since Medicare coverage is very limited, you cannot count on Medicare to pay for you to go into a nursing home if you need care simply because you get old or sick and cannot handle routine activities of daily living any more. You also cannot count on most private insurance policies to pay for nursing home care since their coverage is also very limited, if care is covered at all.
If you are not able to get health insurance from Medicare or private health insurance to pay for nursing home care, you have few options left. You could buy a long-term care policy, but the premiums will likely become too high to maintain the policy as you get older and the coverage limits on the policy may prevent it from being useful to you anyway. You will need to consider other alternatives and there is really only one other option, other than paying out of pocket: getting Medicaid to pay for you to go into a nursing home.
Medicaid covers care in a nursing home for people who qualify based on their health status and based on financial need. The problem is, many seniors have too many assets and don’t qualify. Burlington nursing home lawyers help you to qualify by assisting you in finding ways to structure the ownership of your assets so the assets do not count as financial resources that would disqualify you from getting Medicaid. You should work with an attorney to protect your wealth so Medicaid will pay for nursing home care when you need it without you having to spend all your money on care first.
Getting Help from Burlington Nursing Home Lawyers
You do not deserve to lose everything that you have spent a lifetime building to pass on to the next generation just because an illness or an injury necessitates that you move into a nursing home. You need to make certain that you put plans in place to protect your wealth and you need to make sure you put those plans in place before it is too late and it becomes harder to keep your assets safe.
To find out about the steps that you can take to make a Medicaid plan to protect your wealth, join us for a free seminar . If you are ready to take action and make your personalized plan, give us a call at 866-370-3888 or contact us online today to talk with Burlington nursing home lawyers who will provide you with assistance creating a plan that is personalized for you. You never know when it will actually become necessary for you to go into a nursing home so you should give us a call now to get started.
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