As a whole, the United States population is getting older. One of the effects of this shift is more people are finding themselves in a position where they need to deal with elder law-related issues. Since it’s normally not covered by standard health insurance, a very significant issue within this category is finding long-term nursing home care. This type of care can cost anywhere from $35,000 to $150,000 or more per year based on location and the type of care that’s needed.
On average, individuals use long-term nursing home care for a little longer than three years. The result of this situation is seniors or their family members often deplete all of their assets and then have to hope that Medicaid will cover the remaining costs. Since that’s not an ideal situation for individuals or their families, we can help with taking care of planning that can include buying long-term care insurance, applying for veteran’s pension benefits for those who are eligible and applying for Medicaid when appropriate.