There are two major government programs which provide medical benefits for senior citizens, some children, and certain persons with disabilities. One of these, Medicare, provides various hospital and outpatient physician and other health services. This can be compared to the health insurance that some employers provide.
The cost of long term care and medication can easily exceed $6,000 per month per individual. Even in lower cost long term care situations, the cost often exceeds $2,000 per month.
Ten years of long term care at these rates, thus, ranges between $240,000 and $720,000.
Consider contacting an Elder Law attorney before you, your spouse, or your parents make any significant transfer of property. Consider getting the advice of an Elder Law Attorney:
In order to qualify for Medicaid, one must generally be over 65 years old. One must also be sufficiently ill, and need sufficient assistance to qualify for Medicare pursuant to what is referred to as one’s service priority level.
Advance Directives for Health Care
There are two major government programs which provide medical benefits for senior citizens, some children, and certain persons with disabilities. One of these, Medicare, provides various hospital and outpatient physician and other health services. This can be compared to the health insurance that some employers provide.
What People Need to Know to Protect Themselves and Their Families
In order to qualify for Medicaid, one must generally be over 65 years old. One must also be sufficiently ill, and need sufficient assistance to qualify for Medicare pursuant to what is referred to as one’s service priority level.