Practice Areas
Blog 
Asset Protection
- "Do I Qualify For Financial Assistance For Nursing Home Care?"
- Free Asset Protection Seminar For Anyone Considering Long Term Care Planning
- Medicaid and Caregiving: Who Are the Ones Taking the Lead?
- Medicaid Compromise in Health Care Bill On the Chopping Block
- Avoid Pitfalls of Medicaid
News
- How To Avoid Wasteful Spending On Health Care...
Posted on 4/29/2010 - Health Care Debate: Long Term Insurance Overhaul...
Posted on 1/5/2010 - Survey uncovers surprising long-term care myths and facts...
Posted on 10/29/2009 - Healthcare reform may offer another option for long-term care planning...
Posted on 10/25/2009 - Will Pennyslvania lawmakers divert Medicaid stimulus money?...
Posted on 7/29/2009
Library
Asset Protection
- 10 Reasons to Consider Long-Term Care Insurance
- Solve Eligibility Problems Using the Personal Care Contract
- What Can Seniors and Their Families To Legally Protect Themselves In These Dire Times?
- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
- Gift tax annual exclusion to remain unchanged in 2010. Contact us to see how this factors into your estate plan
What is Medicaid and Why Should I Care?
Medicaid is a federal program that is implemented by the state. Medicaid typically pays for long term skilled nursing care. Long term skilled nusing care is expensive and the costs are skyrocketing. For example, in Pennsylvania, one month of skilled care costs over $7,000 per month, $84,000 per year! I don't care how much money you have, $7,000 a month is A LOT of money.
You should care about Medicaid because if you do not have a lot of money or long term care insurance, Medicaid is the ONLY source we have to pay for long term skilled care.
In Pennsylvania, approximately 63% of people in skilled long term care facilities have their bills paid by Medicaid. Person on Medicaid ended up there in one of two ways:
1) Either they spent all the money they had on care, had no money left and then qualified for Medicaid, or
2) They did some planning to protect assets, (i.e. maybe for an at-home spouse) and qualified for Medicaid as soon as possible.
The goal is - qualify for Medicaid as soon as possible by protecting your assets! Don't wait, plan now, so you won't be caught in a situation where you have to spend down your money in order to qualify. With the help of our planning, we can help you to avoid making disastrous decisions pertaining to paying for long term care.
If you have any questions or would like a free consultation call us toll free at 1 800 879 0984 or send us a message through our website by clicking here and we'll be certain to respond.
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 200
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
Get Directions
Elder Law Offices of Shields and Boris
109 VIP Drive
Suite 102
Wexford, PA 15090
Phone: (724) 934-5044
Toll Free: (800) 879-0984
Get Directions
