100 online delhi adult dating site - Liquidating assets medicaid

Although Medicare helps our aging population pay for doctor’s visits, hospital stays, medications, and surgeries, Medicare will not pay for the cost of long-term care.

Medicaid, however, will pay for a stay in a nursing home, the care cost of an assisted living facility, and for five hours per day of home health care.

Mark Shalloway, at Shalloway & Shalloway in West Palm Beach.

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Assisted living facilities range between $2,000-$7,000 per month, and home health care can cost a few hundred to tens of thousands of dollars each month.

Simply put, the cost of long-term care could easily be over $100,000 per year.

If you have a question about countable and non-countable assets and Medicaid eligibility, we would love to help—just give us a call.

Your first step to figuring out how to pay for long-term care is to contact the certified elder law attorney, G.

All funds in joint accounts are considered countable assets to the Medicaid applicant, unless proved otherwise.

Funds or property held as tenancy in common accounts are countable to the extent of the person’s interest in the asset, unless the asset is “unavailable,” which means that the asset is not available to the Medicaid applicant because the other owner(s) of the asset refuse(s) to make it available.

Most middle class families cannot afford to pay the cost of long-term care without liquidating their assets: their savings, retirement accounts, and their home.

Thankfully, with proper planning and advice of an experienced asset protection attorney, you can pay for the cost of long-term care without going broke.

People often forget that they must include cash even if it is hidden under a mattress.

Full honesty when applying for Medicaid benefits is a must.

Long-term care insurance—while helpful in some cases—is either not available to most seniors due to health conditions or is simply too expensive.

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