You should be aware of the fact that most people who are fortunate enough to celebrate their 65th birthdays are going to need help with their day-to-day needs at some point in time. This does not always mean that nursing home care will be necessary, but the United States Department of Health and Human Services tells us that you have a 40% chance of residing in a nursing home someday if you live to be 65. So it is indeed very possible that each of us will spend some time in a nursing home … [Read more...] about Medicaid Limits Updated for the New Year
We are all aware of the benefits that go along with a healthy lifestyle. As they say, an apple a day keeps the doctor away and when you feel good you really enjoy an enhanced quality of life. Entering into your retirement years on a positive note feeling good physically is fantastic, and it is certainly a goal that we should all strive to attain. The above having been said, it is wise to be pragmatic when looking ahead toward the twilight years that will follow your active retirement … [Read more...] about Great Health, Long Life … Long-Term Care
There is an upper resource limit of $2000 that you must stay within if you want to become eligible for Medicaid as a way to pay for long-term care. This figure may seem so small that there is no reason to even consider the possibility of eligibility. In fact, about two thirds of the people who are residing in nursing homes and assisted living communities do rely on Medicaid to pay for their care. This is because all of your assets do not count toward this $2000 limit. Your home, your vehicle, … [Read more...] about Senate to Consider Veterans A & A Look-Back Period
Nursing home expenses are rather shocking when you look into the facts. According to a MetLife survey the average charge for a single day in a private room in a nursing home in the United States was up to $239 last year. In 2010 this figure stood at $229. So the 2011 charge of $239 per day represents a 4.4% increase. There was a similar increase in 2010 as compared to 2009 costs. This is a lot of money if you were to spend a year or more residing in a nursing home. And it is very important to … [Read more...] about Will Nursing Home Costs Continue to Rise?
Planning for the future can be challenging because you can't be certain about the costs that you will be facing. You don't know exactly how well your health will hold up or what the health care system will look like in 10 or 20 years. In addition to this there are talks about alterations being made to Medicare and Medicaid. Though there are things that are out of your control, it is important to be proactive about doing what is necessary to gain an understanding of all that is available to … [Read more...] about Long-Term Care Help For Veterans
In the elder law community the subject of long-term care is a hot topic, and when you analyze the numbers you see a very profound challenge emerging. The population is aging rapidly with senior citizens comprising the fastest growing age demographic in the United States. According to the U.S. Department of Health and Human Services seven out of every ten seniors are some day going to need long term care. 25% of people who have reached the age of 85 are residing in a nursing home, so the fact is … [Read more...] about Medicaid & Long-Term Care