If you need assistance with your day-to-day needs at some point in time, you will not be alone. According to the United States Department of Health and Human Services, most people who reach the age of 65 will need long-term care eventually. When Medicaid attorneys share this statistic, many people are quite surprised.
When you hear the term “long-term care,” the prospect of residing full-time in nursing home or assisted living community may come to mind. However, this may not always be necessary.
Should you prefer to remain at home, you could take steps to modify your surroundings to suit your needs. This is what assisted-living communities do to their spaces, and you can simply do the same as you improve your home with your specific limitations in mind. There are costs involved in doing this of course, but assisted-living communities are extraordinarily expensive, so you would almost certainly walk away with a net gain.
When it comes to the human factor, a significant percentage of seniors who need assistance with their day-to-day needs have family members, friends, and neighbors who would be more than willing to pitch in.
In addition to this, there are licensed agencies who can help. Home health aides and companion/housekeepers can come to you and provide the help that you need on an as needed basis.
Food for Thought
Loneliness can be a problem when you reach an advanced age, and this takes place when you perhaps lose your spouse and your children are busy with their own lives. There is no replacing those that you love, but you can try to remain positive and seek companionship through pet ownership.
Owning a pet as a senior citizen can be rewarding on a number of different levels. For one thing, as we all know, the dog is man’s best friend, and having a loyal buddy around the house can certainly perk up your spirits. Cats may be a bit more independent, but they can be good companions as well.
In addition to this, owning a dog or cat can provide you with a renewed sense of purpose as you once again have a little dependent in the home who needs you. Plus, owning a pet can be good for your health, because you may find yourself getting more exercise as you take your pet outside for walks.
You do have to make sure that your pet will be provided for if you predecease the animal. The first step will be to identify someone who will take care of the pet if it becomes necessary. The second step is to provide for the caretaker financially.
This can be done through the creation of a pet trust, and these trusts are becoming more and more popular every day. If you are interested in learning more about how to include your pet in your estate plan, don’t hesitate to pick up the phone to arrange for a consultation with a member of our firm.
When Staying at Home Is Not an Option
Some seniors require a level of care that can only be received in a nursing home. One misconception that many people harbor is the notion that Medicare will pay for everything once they become eligible for the program. In fact, Medicare does not pay for long-term care.
We are Mount Clemens, Michigan Medicaid attorneys, and this type of care is particularly expensive in our area. The median cost for a private room in a nursing home in Detroit is over $104,000 per year. If you require multiple years of care, the numbers can be staggering.
Where do you turn if you are faced with the prospect of losing virtually everything that you have to pay for long-term care? Medicaid may be the solution.
This program does pay for long-term care, but if you have resources exceeding $2000, you do not qualify. However, don’t assume that you are out of luck, because many of your most valuable possessions do not count toward this limit (including your home).
With the proper planning, it is possible for some people to qualify for Medicaid while still being able to leave behind suitable legacies. This is an area of specialization for our Medicaid attorneys, and we would be more than glad to help you protect your resources for the benefit of your loved ones. You can call us at 586-493-7661 to schedule a consultation, if you would like to attend a free seminar, click this link.