Many people are afraid of what will happen if they need nursing home care as a senior. This is not an unfounded fear. There are some bad nursing homes where quality of life is low and patients are even victimized by abuse. Even in good nursing homes, the costs of care are astronomical and paying for nursing home care can quickly result in the loss of your life savings.
The fact is, however, going into a nursing home does not have to be a scary experience. With the right nursing home planning, you can choose a care facility that actually cares and you can make certain that you are able to get the costs of care covered.
Kinghorn Heritage Law Group, PLC can provide you with the guidance you need to make a nursing home plan that will help you find the right solutions as a senior who needs nursing home care. We also provide assistance to families whose loved one must go into a home. Give us a call at (520) 529-4000 to find out about how a Tucson nursing home planning lawyer can assist you and to get answers to questions including:
- What is involved in nursing home planning?
- When should I make a nursing home plan?
- How can a nursing home planning lawyer help?
What is Involved in Nursing Home Planning?
There are two primary components to nursing home planning: finding a nursing home care facility and finding a way to pay for that facility.
Far too many people don’t actually think ahead to the day they could suffer a stroke or another medical emergency that prevents them from going back to their own home. When an illness or injury necessitates an emergency hospitalization, this leaves patients and their families scrambling to find a nursing home with an open bed upon hospital discharge. The chosen home may not have the best reputation or provide the highest quality of life and most patient-centered services…. yet it may be the only option because no advanced plans are in place.
It is far better if you suspect you may some day need nursing home care to do your research early so you have time to compare care facilities, find out what each has to offer, and make sure the nursing home admissions paperwork is appropriately protective of your rights.
Unfortunately, as you begin to research nursing homes, you will likely see that they are astronomically expensive. This is why nursing home planning is so important… you can make advanced plans to make certain that you can pay for nursing home care.
Only Medicaid will pay for most kinds of nursing home care, as Medicare and private insurers have extremely restrictive rules for covering nursing homes only in limited situations. Unfortunately, if you do not make advanced plans, you may have too many assets to qualify for Medicaid and could end up paying privately out of your own pocket to cover the costs of nursing home care.
Private pay can deplete your life savings in a matter of months, so you shouldn’t put yourself in a situation where all of your wealth disappears due to nursing home bills.Work with a nursing home planning lawyer instead of leaving things up to chance so you can get the peace of mind of knowing your nursing home care bills will be paid when you need care.
When Should I Make a Nursing Home Plan?
It is difficult to decide exactly when to make a nursing home plan, as you may not know when or if you will actually ever need to go into a nursing home. Since the future is uncertain, and failing to make a plan can be far worse than having a plan you don’t end up using, you should make your nursing home plan as soon as possible.
You should have a nursing home planning in place at least five years prior to needing Medicaid benefits to cover a nursing home. This is essential because making a plan to get Medicaid to cover your care is usually going to involve strategic asset transfers, such as transferring some assets into an irrevocable trust. Medicaid will disqualify you for a period of time if you have transfers in your financial records in the five years preceding your benefits application. If you’ve made a plan well in advance, you won’t have to worry about this period where benefits may be necessary but not provided.
How Can a Nursing Home Planning Lawyer Help?
Kinghorn Heritage Law Group, PLC can help you to determine if you need a nursing home plan and can provide assistance with the process of making your plans. Give us a call at (520) 529-4000 or contact us online to speak with a Tucson nursing home planning lawyer to find out more about how our legal team can help you prepare in case you ever need nursing home care.