West Chester Nursing Home Planning Lawyer
As the cost of nursing home care continues to increase, the need for early and thorough planning becomes much more important. While most people never anticipate needing nursing home care, the potential always exists. Taking the time to learn about your options now can save you untold amounts of anxiety and money when the time comes for these important decisions to be made.
At the Law Office Therese L. Money, LLC, we represent clients in all aspects of nursing home planning and other types of long-term care planning. We understand that planning for a time when you may not be able to care for yourself can be a frightening and emotional proposition. Without a solid plan in place, however, you could be in a situation where you have exhausted most of your retirement savings on nursing home expenses.
Paying For Your Nursing Home Care
In most cases, people pay for their nursing home care through some combination of the following three options:
- Medicare: In the context of paying for nursing home care, Medicare benefits are primarily used for people who have been in the hospital for at least three days and require professional care following discharge. Medicare will pay for up to 100 days in a nursing home. However, coverage under Medicare is not guaranteed. We will explain your Medicare benefits and the type of assistance that may be available in your case.
- Medicaid: Many people who do not have sufficient savings to pay for long-term nursing home care may be eligible to receive benefits under Medicaid. There are strict income limits for Medicaid recipients, and not every applicant qualifies. We will conduct a thorough review of your case and advise you regarding your eligibility and obtaining benefits.
- Long-term care insurance: Many people purchase long-term care policies to help defray the costs of nursing home care. There are many policies that provide very specific types of coverage, and it is important that you choose a policy that fulfills your unique needs. We will listen closely to your needs and help you determine the best insurance product to fulfill them.
Discuss Your Nursing Home Care Needs With A Lawyer
Contact West Chester nursing home planning attorney Therese L. "Terry" Money, Esq., to schedule an appointment to learn more about our firm’s elder law services and how we can help you. We are available by phone at 484-266-0481 or via email.