When you are going on an adventurous journey, you try to anticipate the challenges you may face, and you prepare accordingly. The same dynamic can be applied to aging, and when you think pragmatically, you can adapt as the years pass. Aging in Place The term “aging in place” has gained a lot of traction over recent years, and it is a simple phrase that is largely self-explanatory. Most senior citizens will need some type of help with their activities of daily living, and this is simply a fact … [Read more...] about Medi-Cal Assisted Living Waiver Can Facilitate Aging in Place
When you are entering into your active retirement years, you are embarking on a stage of life that can be very rewarding on several levels. If you are so inclined, you get to cross things off your bucket list, enjoy leisure activities, and spend quality time with your family and friends. You also have the ability to sit back and reflect on the hard work and intelligent planning that got you to that point, and the sense of accomplishment is a satisfying feeling. This can be punctuated by the … [Read more...] about The Twilight Years Can Derail Your Legacy Plan
We are going to look at long-term care insurance in this post, but many people are not interested in the subject because they harbor certain misconceptions. Before we share information about the coverage, we will provide clarity so you know why the matter is relevant. Most Seniors Need Living Assistance It’s hard to imagine a time when you will not be able to handle all of your own day-to-day needs, but the statistics paint a compelling picture. The average lifespan for someone that is in … [Read more...] about An Overview of Long-Term Care Insurance
Many seniors that qualify for Medicare seek Medi-Cal eligibility late in their lives because Medicare does not pay for long-term care. The majority of elders will need help their activities of daily living eventually, so this is something everyone should take seriously. In many instances, a person will apply for Medi-Cal while their spouse is still capable of independent living. Under these circumstances, the healthy spouse (community spouse in Medi-Cal parlance) is entitled to certain … [Read more...] about Medi-Cal Spouse Allowances Get Upward Adjustment
Elder law attorneys provide legal assistance to people that are concerned about the financial challenges that they may face as senior citizens. Without question, nursing home costs are at the top of this list, and you should understand the facts so you can prepare accordingly. Medicare Won’t Help The United States Department of Health and Human Services tells us that 35 percent of senior citizens will reside in nursing homes at some point in time. We are all aware of the fact that Medicare is … [Read more...] about Do You Have a Nursing Home Asset Protection Plan?
Elder law attorneys help clients address the eventualities of aging from a legal and financial perspective. At the same time, we got into this area of the law because we care about people first and foremost, so we take the human element to heart. When your parents are going through their golden years, you may start to provide more and more assistance to them. The majority of elders need living assistance of some kind, and many senior citizens ultimately reside in assisted living communities … [Read more...] about Elder Law Answers: What Is Aging in Place?
When the new year rolls along, government benefit parameters are adjusted to reflect the current circumstances. The Social Security Administration (SSA) has shared some of their key numbers for 2021, and will take a look at them here. Cost of Living Adjustment (COLA) During most years, the Social Security Administration will increase the monthly benefits, and they use the Department of Labor’s Consumer Price Index to make their determinations. In 2021, the Social Security benefits are going … [Read more...] about 2021 Social Security COLA Has Been Released
When you start to reach your middle-aged years, you may spend a good bit of time helping your parents tend to their activities of daily living. Their needs will probably increase over time, and at some point, the level of care that is required may be beyond your capabilities. Under these circumstances, nursing home care may be the only logical choice. According to the United States Department of Health and Human Services, 35 percent of elders will eventually reside in nursing … [Read more...] about Will Your Parents Need Nursing Home Care?
Many people are surprised to hear that Medicare does not pay for a stay in a nursing home or assisted living facility, and it does not cover professional in-home care. Medi-Cal will pick up the tab, but since it is a need-based program, it takes careful planning to obtain eligibility. Medi-Cal Asset Limits The Medi-Cal limit on countable assets is $2000, and that can sound like an absolute dealbreaker, but some things that you own do not count. Your home is not a countable asset, and there is … [Read more...] about Overview of Medi-Cal Healthy Spouse Allowances
Los Angeles elder law attorneys have in-depth knowledge of the machinations of the Medi-Cal program. This jointly administered federal/state government health insurance benefit is relevant because it will pay for long-term care. Medicare will not pay for a stay in a nursing home or any other type of custodial care. This gap is considerable, because nursing facilities and in-home caregivers are very expensive. The state places an estimate on the average annual cost for nursing home care at … [Read more...] about What Is Medi-Cal Estate Recovery?