It is becoming more common in the settlement of large personal injury cases for the settlement to "be structured". A structured settlement establishes a program whereby the injured person receives a regular predictable series of payments over a period of years instead of a lump sum payment. These payments can be set up in a manner as to compensate … [Read more...]
Paying for Nursing Home Care
It is impossible to predict whether a family member will require long term nursing home care but one thing is certain. Medicare will not pay the cost of long term nursing home care. Alternative methods of paying for nursing home care may involve long term care insurance, paying out of your pocket, or qualifying for Medicaid. In the event you … [Read more...]
Nursing Home Expenses & Medicaid
America has a healthcare crisis. President Obama is now battling with Congress to deal with long term issues involving healthcare. An area of healthcare that is very often overlooked deals with what happens to Americans when they can't care for themselves. The best way to maintain a senior is to keep them in their home under circumstances that … [Read more...]
Long Term Care Hospitals – A Capitalist Solution
During the past quarter of a century there have been over 400 long term care hospitals built in the United States. These hospitals do not provide acute care for specific illnesses. They are, generally speaking, holding facilities for individuals who are too sick for nursing homes but not sick enough for regular hospitals. Patients often stay for … [Read more...]
More Options For Medicaid Planning
On Tuesday, this blog featured an article about what seniors can do to qualify for Medicaid if they forsee the need for nursing home services in the future, but do not yet need to go that route. But what if you or a loved one has already had to enter a nursing home? Now, you are faced with a situation where the senior's life savings will soon be … [Read more...]
When You (Or a Loved One) May be Entering a Nursing Home…
If you, a spouse, or parent think that you may need the services of a nursing home in the near future, you should know that there are some things you can do to plan for this possibility and help maintain some of the person's assets. Nursing homes can be very expensive. Residing on one can deplete $9,000 to $12,000 per month from one's assets on a … [Read more...]
In 5 Weeks, Married Couples Home Care Medicaid Changes Take Effect
The New York Times reported some major changes in Medicaid laws, which are very relevant to those who are getting closer to a time when they or their spouse may be looking at going into a nursing home. Our law office helps clients prepare for future Medicaid applications and also helps clients actually apply to Medicaid so I've seen how these … [Read more...]
