Paying for long-term care is expensive. Whether that care is provided at home, in assisted living or in a nursing home, you can quickly deplete your assets having to pay for the care. In Pennsylvania, nursing homes can easily cost as much as $120,000 a year. That’s $10,000 per month.
For the most part, these costs are not covered by Medicare. They are can be covered by long-term care insurance, but unfortunately, most of us do not have such insurance or the policies that they do have cover only a small fraction of the actual cost. As such, most are forced to rely on their savings to cover the cost of care.
At $10,000 per month, few seniors can afford to pay for long-term care for very long. And having to pay a nursing home bill each month can leave a healthy spouse with little to live on and means you are unable to provide that inheritance that you worked long and hard to leave to your family.
The Pennsylvania Medicaid program pays for nursing home care for those who qualify and in some instances for home care. The rules are complicated and ever-changing, and the application process can is challenge.
The Elder Law Firm of Robert Clofine has guided seniors and their families through this process for more than 30 years, helping them to protect their savings and to receive the benefits and care to which they are entitled. Robert Clofine has been a leader in the field and has taught other lawyers in Pennsylvania the nuances of Elder Law.
While advance planning while you are healthy may be the best approach, it is never too late to protect your assets. We routinely work with families who have just been diagnosed with an illness and with those who are hospitalized or in a nursing home. That’s right, we can help you preserve assets even after your family member enters a nursing home!
Contact us today for more information or call (717) 747-5995.