For many aging Americans the possibility that you might have to spend days, months, or even years in an extended care facility or nursing home is a significant worry. These facilities are notoriously expensive and can easily cost $80,000 a year or more. Even if you have a substantial retirement account, having to pay for private nursing home care will have a substantial effect on your … [Read more...] about Elder Law Concerns: Protecting Your Assets From The Expense of Long Term Care
When an elderly family member or loved one moves into a nursing home, you want to know that the nursing home will provide the kind of care that’s required. It’s hard enough for an elderly person to change their life and transition into a nursing home environment without the added concern of wondering if they will suffer harm or neglect. And while most nursing homes provide care with out problems, … [Read more...] about When The Nursing Home Causes Harm
One of the biggest mistakes young adults make leading up to their senior years is neglecting to set up a retirement account. Gone are the days of depending on Social Security benefits to provide enough income to meet day to day needs, if that ever really was the case. The need for funds necessary to cover living expenses, medical expenses, nursing home expenses, long term care, and anything else … [Read more...] about Retirement Planning Tips Part 1
Do you have a loved one currently living under the care of a nursing home facility? If this is the case, establishing the best possible care for them is obviously top priority. Elder Law and Nursing Home Attorneys help keep these plans in place while ensuring all parties involved are following all federal laws. These laws and attorneys also establish protection for your loved one during the event … [Read more...] about Long Term Care and Nursing Home Law
Baby Boomers are at the center of the focus of legal needs and aging these days. Not only are they becoming caregivers of aging parents, but they are learning to plan ahead for their own estate planning needs. So what is on the mind of baby boomers when it comes to estate planning? Financing Long Term Care As the Boomers see the cost of long term care and nursing home expenses top $70,000 … [Read more...] about Estate Planning and Baby Boomers
Making plans to go into a nursing home is not on the top of many people's list of fun activities, however it is a necessity to think through the options. In this day and age, nursing home care can become a very expensive proposition if you have not planned properly earlier in life. The time to plan for nursing home care is when you are still in good enough health to research the options and … [Read more...] about Preparing for Nursing Home Expenses
One misconception many people have is the idea that, if they need to go into a nursing home, Medicare will cover those expenses. This is only partially true. Medicare provides some coverage for nursing home care, but that coverage is very limited. If you have Medicare Part A coverage, you’ll be entitled to in-patient skilled nursing care, but only if you’ve been hospitalized for at least three … [Read more...] about Does Medicare Pay Nursing Home Expenses?