Tuesday, September 8, 2020

The Right Medicaid Plan Could Save Seniors Thousands in Long-term Care Costs

 

Thinking about long-term care for your loved one, but unsure of how to finance it? Then, you’ve come to the right place. With the right plan in place, financing the necessary long-term care is a breeze, but you’ll need the help of a professional who knows the ins and outs of Medicaid planning to get you started of the right path.

Medicaid planning for eligible Medicaid recipients is great way to pay for your loved one’s long-term care. Nursing homes are often very expensive, sometimes exceeding $10,000 per month, depending on the level of care your loved one needs. Few can afford to pay these costs on their own for any length of time. However, Medicaid offers a kind of social safety net to help defray some of these costs.

Accessing Medicaid for long-term care expenses can be confusing, though, and sometimes difficult even in the best circumstances. Yet, a board-certified elder law attorney can guide you through the planning process to ensure you and your loved one’s needs are met.

Don’t move your money just yet. Speak with a qualified senior care planning attorney first. Together with your attorney, you can create a smart and comprehensive strategy for a more affordable long-term care arrangement. Call today to schedule a consultation.

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Defray cost of long-term care with medicaid planning

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