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?
During the years between 1946 and 1964, an inordinate number of babies were born. This was the postwar era, when the demands of the military were not as great, and family life returned to normalcy. This phenomenon is called the “baby boom,” and these babies are now entering their senior years. As a result, there is an unprecedented aging of the population underway. Another interesting demographic reality applies to the age at which people have their first children. In 1972, the average age … [Read more...] about Are You a Member of the Sandwich Generation?
When you are planning for retirement, you probably envision the good times that you will have when it is time to enjoy the fruits of your labor. You can enjoy leisure activities, travel, spend time with family members and friends, and bask in your newly found freedom. These golden years can be rewarding, but it is important to consider the twilight period that will inevitably follow. Many people do not consider a looming threat that could potentially consume a lot of the legacy that you would … [Read more...] about Medi-Cal Planning Can Preserve Your Legacy
As elder law attorneys, we are highly sensitive to all circumstances that impact senior citizens. One of them is the looming threat of Alzheimer’s disease. Everyone has heard of this horribly debilitating disease, but most people do not understand how widespread it has become. We will provide all of the important details in this post, and we will also explain how it can impact you from a planning perspective. Aging Statistics Censuses are taken every 10 years. A new one has been rolled out … [Read more...] about Acknowledge the Potential Impact of Alzheimer’s Disease