Using a government benefit such as Medicaid is a fairly common way to pay for long-term care. According to AARP, 65% of nursing home residents use Medicaid to pay for their care. Unfortunately, there is a lot of misinformation out there, which makes this very stressful time of life even harder for everyone involved.
One of the biggest concerns is often “how do we pay for it?” Nursing homes are expensive, often $5,000 per month or more. For many families, that cost will eat up their savings within a short time. Medicaid benefits are one option that can be used to pay for care and protect some of your wealth.
If your family is faced with nursing home care and are paying out of pocket, we may be able to help. We have many legal planning tools available to maximize benefits and protect the family’s wealth, while still getting good care for the loved one. Some families are surprised that we may be able to get a loved one to qualify for Medicaid benefits sooner than expected while protecting assets in the process.
If you need to speak to someone right away about your current situation, feel free to call us at 217-726-9200 or email us at info@EdwardsGroupLLC.com. One of our Client Coordinators will be happy to help you. To continue learning more about long-term care planning, click here to watch a short video from Attorney David Edwards on why you need long-term care planning.
FREE Medicaid Planning Guide
Is your spouse, parent or loved one in a nursing home and you’re worried about running out of money?
In order to meet the skyrocketing costs of nursing home care, an area of law known as Medicaid Planning has developed.
Unfortunately, a lot of families who could benefit from this program are told by nursing home employees, and even attorneys, that nothing can be done to protect assets like the family farm or other assets people work their entire lives to provide for their families.
With so much misinformation and flat out wrong information out there, we decided to offer a 3-part Medicaid Planning e-course.
This online course will be emailed to you every couple of days. It will address important information about Medicaid Planning and what you need to make sure your loved one gets the care they deserve without having to go destitute in the process.
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Using a government benefit such as Medicaid is a fairly common way to pay for long-term care. According to AARP, 65% of nursing home residents use Medicaid to pay for their care. Unfortunately, there is a lot of misinformation out there, which makes this very...
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