
For families of all financial backgrounds, the prospect of long-term care can be frightening. With nursing home costs averaging $8,000- $10,000 per month in Indiana, it's not uncommon for families to blow through their entire life savings during the first 1-3 years of care.
Fortunately, there's a better way to pay for the help you need.
You may be surprised to learn that the government will cover most, if not all of your long-term care costs under the Medicaid program, even if you believe that you have too many assets or too much income to qualify.
What is Medicaid For Long Term Care?
Medicaid for long-term care is the program designed to assist nursing home residents with the staggering costs of their care. It is jointly funded by the state and the federal government.
What Does Medicaid For Long-Term Care Cover?
- Doctor bills
- Hospital bills
- Skilled nursing facilities
You CAN Qualify For Benefits!
You CAN qualify for benefits from the government to pay for your long-term care, without having to sacrifice everything you've worked so hard for during your lifetime.
This is accomplished through Medicaid planning, which is the use of legal tools and strategies approved by the state and federal government to help you reallocate assets and modify income streams in order to fall within Medi-Cal's income and asset requirements.
With a solid Medicaid plan in place, qualification for benefits is easy and you'll no longer have to worry about becoming a burden to loved ones or running out of money to pay for your continued care. You will also enjoy the peace of mind knowing that your assets and income streams will stay preserved for a healthy spouse or a child with special needs still living at home. And your inheritance will transfer safely to your loved ones after your passing, rather than getting eaten up by nursing home costs.
Download our Medicaid Planning Worksheet to get started and call us for a complimentary consultation. We'll answer your questions and begin to chart a course for your long-term planning.
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