What Should I Know About Long-Term Care?
April 18, 2023
The most significant threat to your financial nest egg is long-term care.
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The most significant threat to your financial nest egg is long-term care.
For all the pain and disruption caused by COVID-19, at least one benefit appears to have come out of the pandemic for seniors: Their confidence about aging in place has soared!
Because Medicaid Long-Term Care is a means tested program, making sure that you qualify with a good Elder Law attorney is important. Not all attorneys that claim to be “estate planners” focus on getting you qualified.
In general, estate planning is a practice that requires forward thinking. However, sometimes estate planning must occur in the midst of a crisis.
The three main areas of focus for elder law attorneys include health care, estate and tax planning and guardianship matters.
Staff in nursing homes are being encouraged to learn about the Namaste Care program to enhance the quality of life for residents with dementia.
Can you use a reverse mortgage for long-term care?
Most Americans don’t have long term care insurance, and Medicare will only pay up to 100 days in the nursing home. Unless you want to use your assets – and potentially lose your home – then a good Medicaid long term care plan is a wise decision.
Medicaid Estate Recovery is the process whereby the government “claws back” your home sto seize it that you were originally told was “exempt” when you went into the nursing home. Relying on this “exemption” on your home is never a sure bet. Good planning is necessary.
Controversy regarding the purported link between the use of proton pump inhibitors (PPIs) or histamine H2 receptor antagonists (H2RAs) and risk for dementia continues.
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