Growing older isn't easy no matter how you look at it. Some people are fortunate enough to enjoy good health and have the savings available to travel and take advantage of the leisure time they have earned. Others may not have saved the money they need to make them comfortable in old age and have to scrape by on Social Security. Whatever the circumstances of the your later years, one thing is certain, you must address the fact of an unexpected illness or financial loss. This can include Medi-Cal planning Los Angeles seniors may qualify for.
Some avoid bringing up the topic of long term care with friends and family preferring to pretend the time won't come at all when they have to make decisions for their health or have decisions made for them because they are no longer in a position to decide for themselves. Others are more pragmatic and realistic. They know unexpected things happen all the time, and want to be prepared for them.
Without advance planning the cost of a good nursing home can quickly rob you of your life savings and leave you with next to nothing. It can also put your well spouse and children in a bad situation. There are federal and state programs to help with the costs associated with long term care if you qualify.
Many people mistakenly believe that Medi-cal is only for the poorest California citizens. This is not true, but you will need the services of a good lawyer specializing in the field of long term care for seniors to help you wade through the confusing and changing rules and regulations regarding this topic. It is not enough to read some articles online and try to negotiate with facility directors on your own.
Married people definitely have an advantage when it comes to financial qualifications. A couple is allowed more than a hundred thousand dollars in cash and a home of any value when applying. It doesn't matter to the state how much money the well spouse earns as long as the affected spouse qualifies.
There are different rules for single people. These individuals have fewer options and can only show a few thousand dollars in cash, a vehicle and a residence as assets. Single applicants who have more assets will need the services of a good attorney to help them around the requirements.
California very much wants to recover as much of the money it paid out for the affected 'long term care as possible. Once that person dies, the state can go after remaining assets unless you have the foresight to put those assets in someone else's name. As long as the well spouse is alive and property is owned in joint tenancy, the state can't do much. Once that persons dies as well, California can go after the estate to repay the cost outlay.
Growing old is not easy, and it can be even tougher if you need long term care. You have a right to any assistance available to help you and your family through these difficult years.
Some avoid bringing up the topic of long term care with friends and family preferring to pretend the time won't come at all when they have to make decisions for their health or have decisions made for them because they are no longer in a position to decide for themselves. Others are more pragmatic and realistic. They know unexpected things happen all the time, and want to be prepared for them.
Without advance planning the cost of a good nursing home can quickly rob you of your life savings and leave you with next to nothing. It can also put your well spouse and children in a bad situation. There are federal and state programs to help with the costs associated with long term care if you qualify.
Many people mistakenly believe that Medi-cal is only for the poorest California citizens. This is not true, but you will need the services of a good lawyer specializing in the field of long term care for seniors to help you wade through the confusing and changing rules and regulations regarding this topic. It is not enough to read some articles online and try to negotiate with facility directors on your own.
Married people definitely have an advantage when it comes to financial qualifications. A couple is allowed more than a hundred thousand dollars in cash and a home of any value when applying. It doesn't matter to the state how much money the well spouse earns as long as the affected spouse qualifies.
There are different rules for single people. These individuals have fewer options and can only show a few thousand dollars in cash, a vehicle and a residence as assets. Single applicants who have more assets will need the services of a good attorney to help them around the requirements.
California very much wants to recover as much of the money it paid out for the affected 'long term care as possible. Once that person dies, the state can go after remaining assets unless you have the foresight to put those assets in someone else's name. As long as the well spouse is alive and property is owned in joint tenancy, the state can't do much. Once that persons dies as well, California can go after the estate to repay the cost outlay.
Growing old is not easy, and it can be even tougher if you need long term care. You have a right to any assistance available to help you and your family through these difficult years.
About the Author:
To assess your eligibility for medi-cal planning Los Angeles lawyers are the best people to seek advice from. Arrange for a consultation today through http://susanbgeffenlaw.com/medi-cal-planning.
Posts
0 comments:
Post a Comment