Even if you have a long-term care insurance policy, you may likely be hoping that you won't ever have reason to use it. Regardless of what the future holds, there's one silver lining of which you may not be aware.…
This originally aired on the Catholic Faith Network’s show CFN Live: https://youtu.be/vRwM-9IoUcE The cost of nursing home care is staggering. With the average stay in a nursing home being 2.29 years, it is reported that as many as 80% of…
Watch “In The Legal Know” with Vincent J. Russo Vincent appeared on CFN Live on March 5th, 2024 to discuss“Medicaid Planning with Exempt Transfers” https://youtu.be/vRwM-9IoUcE Vincent J. Russo discusses the Nursing Home Crisis, how Medicaid covers Nursing Home Care, and…
Memory care is specialized care for patients living with Alzheimer’s disease, dementia, or other conditions that cause memory loss. Hospitals and nursing homes may have memory care units, or a separate entity dedicated to this service. Memory care provides seniors with…
For residents of nursing homes and other long-term care facilities, lack of sufficient staff has become an increasingly urgent concern in recent years. The shortage in this critical area of health care, linked in part to employee burnout and turnover,…
The average cost of nursing home care in New York is astounding! The general range is between $13,000-$20,000 per month. There are three forms of accepted payment: Private pay (from your own pocket); Long-term care income (if you are fortunate…
What if I need long term care? What if I need an aide to assist me in my home? What if I need care in a nursing home one day? Perhaps you have thought about this at length, maybe it…
Yesterday I spoke to Jill, whose mom and dad have been talking to their friends. They have mentioned to Jill that they are getting nervous that they need to do some Estate Planning. They know that many of their friends…
So, the stimulus checks went out. Now what? For those who received those funds, the hope was that you would be using the funds to help pay for things you need and in turn, that would help the economy. What…
As elder law attorneys, we meet with clients and help them create a plan for their future; many of these plans include planning for long-term care.
We discuss options for long-term care—such as long-term care insurance, private pay, and Medicaid. For most seniors, obtaining Medicaid to pay for nursing home care or care at home is a must. Very few people can afford to pay privately for extended long-term care, which is not covered by Medicare.
However, when it comes time to submit a Medicaid application, many seniors and their families choose to either submit it on their own or enlist non-lawyers to help with the application—often because they are afraid of the legal fees.