Getting ready for retirement usually means examining Medicare options, downsizing and beginning to budget with retirement funds. One preparation which may not come to mind is paying for long-term care. This type of care includes nursing home, hospice, and personal care services and is not covered by Medicare. While some may have long-term care insurance… Read More »
Posts Categorized: Medicaid Planning
Medicaid and Your Long-Term Plans
Seniors entering their retirement years are often concerned about planning for their future medical needs. Some may have private health insurance policies in place while others plan to be mostly reliant on Medicare. For many, it may be a surprise to learn that their insurance and Medicare will not include the coverage associated with long-term… Read More »
Seniors and Bankruptcy
With the rising costs of healthcare and the decreasing amount of medical coverage offered under most insurance plans, many seniors find themselves struggling to pay expensive medical bills. Further, retired individuals on fixed incomes may find themselves confronted with unexpected medical costs such as long-term care which they struggle to afford. Increasingly, for those seniors… Read More »
Your Parents and Long-Term Care Expenses
There can be a lot of considerations for those with senior parents. One issue that many families face is how to help ensure that their loved one’s medical expenses are covered by their insurance and that their out-of-pocket costs can be paid. For many, planning for these medical expenses may not necessarily include the costs… Read More »
How will you spend your moment in time?
“Time has a way of showing us what really matters” ~ Unknown Author I sat with Nora in her hospital room, having just finished helping her sign her legal papers. Her mind was sharp, but her body was failing. Nora was worn out from a heart attack and several surgeries, and the doctors… Read More »
Program for All-Inclusive Care of Elderly (PACE)
The goal for many seniors is to remain in their own homes as long as possible. Unfortunately, some seniors may experience healthcare challenges which can make living in their home more difficult. For those Michigan seniors who have encountered medical challenges and would like to continue living in their home environment, the PACE program may… Read More »
How to Qualify for Medicaid Without Losing your Home or Life Savings
Medical coverage will probably become increasingly important for those who are entering their retirement years. For many seniors, Medicare helps pay for their standard medical expenses. This coverage, however, does not extend to certain kinds of necessary long-term care. Under these circumstances, individuals 65 and older often turn to Medicaid in order to pay for… Read More »
Planning for your Retirement when you are the Parent of a Child with a Disability
Parents of children who have disabilities are faced with numerous challenges as they prepare for their future and that of their child. A concern these parents must address is how to prepare for their own retirement while ensuring their child will also have what they need in the future. There are some options for these… Read More »
Medicaid Planning
Affording long-term nursing or other personal care services can be difficult for those who need these services. It may come as a surprise to some that these necessary medical services are not covered by their Medicare plans. This situation leaves many people in the position of relying on the Medicaid program to pay for this… Read More »
Why You Need a Certified Elder Law Attorney
When someone facing a medical procedure is looking for a physician, they often seek someone who is an expert in their area with years of experience. Likewise, when a person finds themselves in need of an attorney, they will usually seek a specialist who is experienced and well-versed in their area of the law. For… Read More »