|
ursing home care can cost
up to $96,000 per year, which can quickly deplete an
individual or couple’s life savings. Medicare does not
pay for long-term care, so when this type of care is
needed, if you do not have long-term care insurance, you
either privately pay or apply for Medical assistance.
The Medicaid program that
pays for nursing home care has specific eligibility
requirements for individuals and couples. Generally,
people think they have to be totally impoverished before
Medicaid will begin paying for their care. However, an
elder law attorney can review your portfolio and advise
on eligibility.
In many situations, property
and assets can be saved from the cost of care with
careful planning both prior to and after nursing home
admission.
For more information on
Pennsylvania Medicaid benefits and to review your
portfolio, call to schedule a FREE consultation at
Steinbacher& Stahl at 570-322-2077.
|