what is an elder law attorney?
Post on 12-Aug-2015
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Elder law attorneys focus on matters that are of particular
interest to senior citizens
The population of the United States is aging rapidly
This is due to the maturation of the baby boomer generation
Around 10,000 people are applying for Social Security every
day
As a result, elder law issues are very important at the present
time
If you are concerned about the eventualities of aging, you should
understand the limitations of Medicare
This program will provide health insurance for most
people, but there are out-of-pocket expenses
In addition to these expenses, there is a very big gap
Medicare will not pay for long-term care, and most seniors will require
living assistance eventually
The program will pay for up to 100 days of convalescent care, but it will not pay for custodial
care
This care is exorbitantly expensive, so the lack of
coverage is a very big deal
Medicare will not pay for long-term care, but Medicaid will
assist with these costs
In fact, Medicaid pays for most of the long-term care that is
received by seniors
To qualify for Medicaid, you must prove that you have significant
financial need
In spite of this, many people who are enrolled in the program were never financially needy
People who were never poor qualify for Medicaid through a
Medicaid spend down
When you spend down, you spend or give away assets before
you apply for coverage
However, you have to act in an informed manner, because program rules are complex
MEDICAID PLANNING CONSULTATION
If you would like to discuss Medicaid planning or any other elder law issue with a licensed attorney, contact us to set up a
consultation
Click to visit:
organizeyourassets.com
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