The Mount Clemens nursing home lawyers our firm typically hear many of the same questions from our clients that are trying to understand what to expect when they reach an advanced age. Indeed, knowledge is important when you are preserve your legacy for the benefit of your loved ones. In this blog post, we will look at five of the questions that we are often asked, and we will provide answers so you can go forward with some added clarity.
Why should you care about Medicaid if you are going to qualify for Medicare when you are 65?
It is logical to assume that Medicare would cover at least part of all health-related issues that you experience after you are eligible for coverage. However, this is not the case when it comes to custodial care. This is the type of assistance that you would receive in a nursing home or long-term care facility. Medicaid will pay for custodial care, and this is why it is relevant for many people that are enrolled in the Medicare program.
How expensive is a stay in a nursing home?
The answer to this question is not very encouraging. The exact cost of nursing home or assisted living facility care will depend upon the facility and its location. On average, you can expect to pay somewhere in the vicinity of $90,000 or more for a year a nursing home. Long-term care facilities typically cost $40,000-$50,000 a year.
Is in-home care a viable option?
It may be, and there are a couple of different reasons why this course of action is right for a lot of people. For one thing, there is the simple fact that you may not want to leave the home that you have grown familiar with over the years.
This can be true for anyone of any age. You grow accustomed to your home and your neighborhood and you simply don’t want to leave even if you still have a spouse and children in your home.
This is even more profound for a senior citizen. You watch your children move from the home one by one, and perhaps you may lose your spouse. You no longer work because you’re retired and you lose that interaction with coworkers.
Your home is the one constant that you have in your life. The thought of losing this could make a very challenging situation even worse.
Okay, but…what about the care?
Clearly, staying at home may be preferable but the whole point is that you need assistance. Long-term care facilities provide that assistance.
While this is true you can do certain things that facilitate effective in-home care. When it comes to the physical structure you can simulate the environment that you would have in an assisted-living community by making modifications to your home.
These could include walk-in showers, motion sensor faucets and other similar devices, grab bars, handrails, and any number of other improvements.
Modifying the physical structure is part of the equation, but you also have to address the human element. You may be fortunate enough to have family and friends who will be willing to provide you with the assistance that you need. In fact, though it may be challenging at times for the caregivers it is somewhat heartening to learn that most of the living assistance that is provided to elders in the United States is coming from family members and friends.
When everyone communicates as a group the people that you know that are willing to assist can coordinate their efforts and make sure that you have the help that you need. That’s in a perfect world. Some people do not have a ready support system. Others have family members who simply have time demands because they have to make a living. They don’t have the time to provide the care that is necessary.
Under these circumstances it may be possible to bring in a home health aide. If you do your research and seek out recommendations from others you should be able to find a licensed and reliable resource. However, if you engage a home health aide, you should be ready to part with a good bit of money. According to Genworth Financial, in the greater Detroit area where we practice, the median annual charge is right around $50,000.
How can I qualify for Medicaid to pay for long-term care if I have resources?
You could give gifts to loved ones, but you have to be aware of the five-year look back period. If you give away assets within five years of submitting your application for Medicaid, it will be denied, and a penalty will be imposed. This is why careful planning is key.
How can I learn more about Medicaid planning?
Our Mount Clemens nursing home lawyers are holding a number of seminars in the near future, and you can learn a great deal if you attend one of the sessions. To see the schedule, visit our seminar page and follow the simple registration instructions.