As we age, our needs and the needs of our family members evolve. In order to be prepared for the possibility of needing long-term care, senior housing or different medical care, it is important to start planning now.
At the ESTATE PLANNING LAW GROUP OF GEORGIA, James M. Miskell P.C., we can help you or an elderly loved one prepare for the challenges and expenses that come with aging. By taking the time to explain your options and understand your goals, elder law attorneys can find the right solution for you.
Preparing For Future Costs
The best way to begin planning for future needs is to understand what those needs might be and what they could cost. Nursing homes, for example, can cost tens of thousands of dollars per year. Understanding what long-term care options are available in Johns Creek — or wherever your loved one lives — can help you understand how to plan.
Qualifying For Important Benefits
Public assistance benefits play a major role in reducing the cost of long-term care and health expenses for elderly individuals. To benefit from them, however, you must qualify. Even if you are not eligible now, we can help set you up to be eligible in the future. Some of the benefits our clients often consider are:
- Medicare: Most people qualify for Medicare when they turn 65. It may cover some in-hospital care, hospice and certain home health care, but it typically does not cover nursing home costs.
- Medicaid: Medicaid is a need-based program, so your finances play a role in your eligibility. Because Medicaid often covers nursing home expenses, many people plan ahead to ensure they will qualify when the need arises.
- Benefits for veterans: Some military veterans, their dependents or survivors may qualify for federal benefits that can cover costs for health care and service-connected disabilities.
Start Planning With An Initial Consultation
The ABCs of Estate Planning. This workshop addresses frequently asked questions and common misconceptions on Wills & Trusts, Asset Protection, Nursing Home Issues, and Medicaid Qualification.