Helping Your Older Loved Ones
People are living longer. The number of persons aged 65 and over is expected to double by the year 2030 and the fastest-growing segment of the population consists of people who are 85 and older. Many experts are concerned that “aging issues” have reached a critical point now that the “baby boom” generation has reached the age of retirement.
For some, aging will bring continued health, enjoyable retirement, and financial freedom. For others, aging will bring mental disability, terminal illness, and poverty. For all, aging will bring an increased complexity to life.
Elder Law focuses on issues of long-term health care needs, financial management issues, housing needs, public benefit eligibility problems, insurance needs, quality of life concerns, personal life preferences, and health care decision-making, to meet the goals and objectives of the older client. Elder law is different from traditional estate planning in that more emphasis is placed on planning for the contingencies of an extended lifetime.
How to Pay for Long-Term Care?
As people get older, their chances of needing some form of long-term care increases. Managing that care can be extremely expensive, and Medicare, long-term care insurance, and other health insurance programs do not always cover the total cost of long-term care services.
Long-term care planning will help qualify your loved ones for Medicaid and other government benefits.
Protect What’s Yours
You must Protect What’s Yours. If you do not work to protect yourself and your assets, you and those you love may become unnecessarily exposed to the many dangers and complexities of long-term care, including long-term care creditor problems, and Medicaid.
Even if you do not think you can qualify for Medicaid, call us. We will give you an ABSOLUTELY FREE assessment.