The Basics of Long-Term Care

Posted on: May 25, 2017

Planning for the Long-Term Care you may someday need is an important element of Estate Planning. Long-Term Care is the assistance you need when you are unable to do some of the basic actives of daily living, such as feeding, bathing, dressing, or grooming yourself. The need for Long-Term Care can result from advanced age, illness, physical disability, or mental incapacity.
The type of Long-Term Care one may need varies by individual. Many people prefer to remain at home if possible. If staying at home is not an option, a person can receive Long-Term Care in a skilled nursing facility (nursing home) or an assisted living facility.
Long-Term Care is enormously expensive. Depending on the type of care you need, the cost can reach $10,000 to $12,000 a month.  Medicaid is a government benefit program available to qualifying seniors and the disabled to pay for the cost of Long-Term Care. To be eligible for Medicaid benefits, you must meet resource and income eligibility standards. To learn more about Medicaid eligibility, read our article Two Tests to Qualify for Medicaid.
Medicaid rules are complex and confusing. We encourage you to seek the guidance of a qualified Elder Law Attorney to help you and your loved ones find and pay for Long-Term Care while preserving family assets.
Having a Long-Term Care plan in place before you need it is ideal. Taking the time to plan for the Long-Term Care you or your spouse may need will undoubtedly make receiving and paying for Long-Term Care later easier for you and your family.
At Elder Law Group PLLC we share a desire to make a real difference in the lives of those with whom we work. We will help you identify all available options for Long-Term Care and guide you in deciding which option is best for you and your family. Our goal is to ensure quality of care while protecting assets. We understand that circumstances can change very quickly, and we ensure flexibility in your Long-Term Care plan so that is it adaptable as your circumstances change.
Elder Law Group PLLC has been recognized as one of the fasted growing law firms in the U.S. as an Annual Law Firm 500 Award honoree. Our experienced legal team helps clients navigate the complex legal and social issues presented by aging and disability.
Contact us or call (509) 468-0551 (Spokane office), or (509) 579-0206 (Tri-Cities office), for personal, compassionate guidance on Long-Term Care planning, Asset Protection Estate Planning TM, or other legal needs of seniors, the disabled, or vulnerable adults and their families.