Long-Term Care Planning Archives - Page 6 of 7

Is there a difference between Medicare and Medicaid?

Justin, My mother’s physician is recommending that she go to a nursing home because of her declining mental health. My friend went through a similar experience last year with her father. He broke his hip and had to move into a nursing home. Medicare benefits paid for her father’s nursing home stay and it did not cost him a thing. Do we need to look into Medicaid planning or will Medicare cover her expenses?

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Is there a Veterans Benefit to help pay for Assisted Living?

Justin, my father is about to be released from the hospital and will be going to inpatient rehab later this week. Because of his dementia I feel like he will need assisted living when his rehab is over. He is a veteran, and I read that he may be entitled to some sort of financial benefit to help. Is this true?

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Do you have to spend yourself broke to qualify for Medicaid?

Justin, My mother moved into a nursing home a few months ago and began privately paying the facility after their business office told her that she had no chance of qualifying for Medicaid until she spent her entire savings on care. After reading some of your articles I feel like we have been misinformed.

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An Important Gift for your Children: Setting up your Estate Plan

One of the best gifts you can give your children is to set up your own estate plan. Most people who come to see us, “want to get their affairs in order.” They want to make sure their property is distributed according to their wishes when they pass away. We can definitely help set up a plan to meet that goal. With proper planning, however, you can also avoid probate court and protect your assets from the cost of long-term care.

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The Greatest Gift

One of the greatest gifts you can give to your family is to have an appropriate estate plan in place when needs arise. Many readers will likely take that statement with a grain of salt, considering the person who wrote it is an estate planning attorney. It is true – I may be biased. But allow me to tell you the story of three brothers to illustrate my point.

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A Startling $100,000 Detail

Mary hadn’t slept well in days. Her husband, James, was in the hospital, and the doctors recently told Mary that he would need the 24 hour care of a nursing home after discharge. Mary’s primary concern was obviously for James’ health, but financial concerns also weighed heavily on her mind.

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Don’t Be Taken By Surprise

I’m not usually one to remember the exact details of specific plays in sporting events long after they happen, even when those plays were interesting or unusual. But there is one particular play from an especially important college football game that I will never forget. I remember the setting well. I was in Dallas for

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Don’t Be Discouraged

Have you ever faced the prospect of trying to figure out whether a family member qualifies for Medicaid assistance to pay for long-term care? Did it feel overwhelming? If so, don’t be discouraged.

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Groundhog Day

It was Groundhog Day again–February 2. This was TV weatherman Phil Conners’ favorite day of the year. But that wasn’t always true. There was a time when Phil hated Groundhog Day with a passion. It seemed to Phil like anything that could go wrong did go wrong on Groundhog Day.

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A Frightening Forecast

Norman was downright frightened. He just received word from his mother’s doctor that he had no choice but to place his mother in a nursing home to receive 24-hour care. This scared him for two reasons.

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Long-Term Care Planning