Medicaid planning attorneys at Mark S. Eghrari & Associates, PLLC can provide assistance with the creation of a nursing home plan. It’s important to make a plan as you start to get older and the likelihood you will end up living in a nursing home increases.
The costs of a nursing home care can be very substantial and not all homes are good ones, so having a plan can be vital to protect both your finances and your physical health. Since a person who has reached the age of 65 has about a 40 percent chance of requiring nursing home care and a 20 percent chance of needing care for at least five years, according to the Wall Street Journal, it’s worth making a plan because there are good odds you could end up in a nursing home.
Mark S. Eghrari & Associates, PLLC can provide you with help in making a plan that works for you. Give us a call today to find out how Medicaid planning attorneys at our firm can help you.
Risk to Seniors Who Don’t Have a Nursing Home Plan
If you do not have a nursing home plan, risks include:
- Losing a substantial amount of money:
The cost of nursing home care is very high. It’s also not covered by Medicare or by most private insurance providers. Unfortunately, if you need to go into a nursing home, it’s not optional — you are going to have to go into the home. If you haven’t made a plan to get the costs covered, you may have no choice but to impoverish yourself.
You can avoid spending all of your money on nursing home care and losing the chance to leave your legacy if you make a plan in advance. This plan could involve buying long-term care insurance, although this is often prohibitively expensive and may not provide the coverage that you need.
You could also work with an experienced attorney to make a Medicaid plan. Means-tested Medicaid will cover nursing home care as long as you don’t have too many assets to be eligible. Making a nursing home plan allows you to structure ownership of wealth so it does not disqualify you from Medicaid.
- Ending up in the wrong nursing home
Often, it becomes necessary to move to a nursing home quickly, perhaps because of a medical issue such as suffering a stroke or breaking a hip. If you need to move into a nursing home right away, there may be very little time to research care facilities and to find the right one. Your loved ones could be left scrambling attempting to find a nursing home that has open beds, that you can afford, and that will provide the care that you require.
Unfortunately, this leaves little time to research the quality of the nursing home and to make sure it provides the type of living environment, programs, and services that will give you the highest possible quality of life. This also leaves little time to delve deeply into the reputation of the nursing home, including a history of citations or abuse complaints. Since elder abuse is far too common, not being able to carefully research nursing home options puts you at risk of abuse.
You should act in advance to find a nursing home where you will move if doing so becomes necessary. You can work with an experienced attorney to find out about the nursing home’s history. You can visit the nursing home several times at different times of the day to see how staff members are interacting with residents. You can also take the time to learn about programs and services offered at the nursing home and to review the nursing home admissions paperwork to make sure it’s sufficiently protective of your rights.
Getting Help from Medicaid Planning Attorneys
Medicaid planning attorneys at Mark S. Eghrari & Associates, PLLC can make the nursing home planning process easy. Let our legal team work for you to put your plans in place so you can ensure you have a high quality nursing home to move into with a good reputation— and so you can make sure you are able to afford the home you need to live in.
To find out more about the nursing home planning help that our legal team can offer to you, join us for a free seminar. You can also give us a call at (631) 265-0599 or contact us online at any time to start making your plans for nursing home care.