Posts Tagged ‘long term care’

Article 28-Estate Planning Series: Qualifying for Medicaid Assistance – Part 3 – Financial Necessity

Written by Wright Law on . Posted in Estate Planning, Long Term Care

To receive Medicaid assistance for long term care, a senior must show financial need.  In some cases, significant financial decisions are made with the intent to qualify for Medicaid. Unfortunately, due to misinformation or misunderstanding, those decisions can have the opposite effect.  I previously gave the example of a couple who thought they had to get a divorce in case one of them needed to qualify for Medicaid.  As I hope you will come to see, this would have been exactly the wrong thing to do.

Article 26-Estate Planning Series: Qualifying for Medicaid Assistance – Part 1 – Medical Necessity

Written by Wright Law on . Posted in Estate Planning, Long Term Care

In recent weeks, I have addressed the difference between Medicare and Medicaid as it relates to seniors receiving long term care.  In the last article, I also discussed how Medicaid may be your most expensive option to pay for long term care.  Nevertheless, Medicaid is an important resource for those without options. 

To receive Medicaid assistance for long term care, seniors must meet certain conditions.  Those conditions address both the applicant’s health and financial condition.  This column addresses how an applicant’s health is assessed.

Article 22-Estate Planning Series: What is Long Term Care?

Written by Wright Law on . Posted in Estate Planning, Long Term Care

In recent weeks, I have written about the importance of preparing for “long term care” needs.  Before going further, I need to address what that term means. 

Long term care is not about hospitalization. In fact, it is not really even about medical care.  It is about the inability to provide for one’s basic personal needs, often called “activities of daily living”, because of on-going health challenges.  Examples of “activities of daily living” include bathing, dressing, and eating.

Article 20-Estate Planning Series: When the Need for Long Term Care Arises in an Instant

Written by Wright Law on . Posted in Estate Planning, Long Term Care, Trusts, Will

By definition, the need for long term care can last for years.  This is true even for residents of nursing homes, perhaps the most expensive level of care.  According to one study, the majority of nursing home patients will be there for at least a year.  In fact, almost 25% will remain patients for more than three years.

Article 19-Estate Planning Series: Caregivers – The Forgotten Cost Of Long Term Care

Written by Wright Law on . Posted in Estate Planning

Imagine you are responsible for the care of a spouse or parent with dementia.  He does not recognize you.   He needs help dressing or toileting, but his innate modesty causes him to fight attempts to help.  In fact, occasionally he reacts aggressively or even violently.  He is otherwise physically healthy, and may remain in this condition for years to come.

Article 18-Estate Planning Series: The First Step to Receive Proper Long Term Care Assistance

Written by Wright Law on . Posted in Estate Planning

In recent weeks, I wrote about the risk of long term care and the devastating impact it can have, especially when a family acts on misinformation.  However, given the likelihood that most seniors will need  some form of long term care assistance, and the sobering reality that there are limited ways to pay those costs, this is an issue that must be discussed before a crisis arises.

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