Cincinnati Medicaid planning can help you to ensure you are able to pay to receive long-term care provided at your home. Many people will come to need help with activities of daily living and getting long-term care provided in their own houses could help them to avoid a move to a nursing home care or at least to delay such a move.
Unfortunately, the costs of long-term care can be very expensive. If you do not have a plan in place to get a third party to pay for your care, you may be unable to afford it or may end up spending all of your money and losing assets because you need to raise funds to pay for long-term care. Zimmer Law Firm can provide help understanding the options available to you to ensure that you are able to get your care expenses paid for. You should contact our compassionate and knowledgeable legal team before the time comes when you actually require long-term care because you can protect the maximum value of your assets by making advanced plans to get the bills paid.
Can You Afford Long-Term Care at Home?
According to the Genworth Cost of Care survey, the cost of a home healthcare aide in 2017 was $4,099 per month. This is a whopping total of $49,188 every single year when you need a home healthcare aide to come to your home and provide you with care.
Obviously, this is a significant amount of money for just this one expense. It is also too much money for most people to pay out-of-pocket. In fact, if you are forced to pay this amount, you likely will run through your entire life savings in a matter of months and be left with nothing that can serve as your legacy and be used to provide for your loved ones after you are gone.
While you may hope that Medicare will pay for your long-term care at home so you are able to get the help you need to do activities of daily living and stay in your house without having to move to a nursing home, you will likely be dismayed to find that Medicare probably will not cover the costs of your care. Medicare only pays for skilled nursing care, which is care that requires medical training to provide. If you just need basic help with activities of daily living, that’s called custodial care because it can be provided by anyone, even without any kind of advanced training or medical knowledge.
Since Medicare won’t pay and paying privately is really expensive, it is hard to afford the costs of long-term care at home. Medicaid, however, does pay for this care for seniors who need it. The key to being able to afford long-term care is, for most people, working with Cincinnati Medicaid planning attorneys to make certain that they’re eligible for Medicaid coverage at the time when they need care.
Getting Help from Cincinnati Medicaid Planning Attorneys
Cincinnati Medicaid planning attorneys at Zimmer Law Firm will work closely with you to ensure that you can afford long-term care at home and to ensure that you are able to afford to pay for the costs of nursing home care in an institutional setting should the day come when home care is no longer sufficient to meet your needs.
We can work with you at all phases of your planning process, including circumstances where you plan in advance to cover your care costs as well as situations where you need care in an emergency and want to protect as much wealth as possible. To find out more about the assistance our legal team can provide to you in affording long-term care at home, join us for a free seminar. If you are ready to get personalized advice about affording long-term care or other kinds of healthcare you need as a senior, give us a call at 513-721-1513 today.