Paying for long term care is a scary thing for most families. In California, the annual costs of a semi-private room (one roommate) is over $100,000 and a private room is even more. Double these numbers if spouses or partners need care at the same time and there are additional expenses as well. How to Pay for Long Term Care Private Pay Long Term Care Insurance Veterans Benefits Medicare Medi-Cal Private Pay Some folks can self insure because they can afford to private … [Read more...] about Ways to Pay for Long Term Care
Qualified and experienced elder law attorneys help those, who need long term care, qualify to have the care paid by Medi-Cal benefits. For both Medi-Cal, you need to financially (and medically) qualify. Here are 12 ways in which elder law attorneys help people qualify for financial assistance, if they are not immediately eligible. Consult with a qualified and experienced elder law attorney whose practice includes Medi-Cal long term care benefits to determine which strategies are best for … [Read more...] about There are Many Ways to Qualify for Medi-Cal to Pay for Long Term Care
The Department of Veterans Affairs provides a monthly pension to pay for long term care for those who qualify. One form of this pension is commonly called Aid and Attendance. There are three qualifying steps to receiving the Veterans Aid and Attendance pension; you must have served during wartime (or be the surviving spouse of a veteran who served during wartime), you must be financially needy, and you must be medically needy. In this article, we’ll focus on what “medically needy” … [Read more...] about Are You Medically Qualified for Veterans Aid and Attendance?
An important benefit available through the Department of Veterans Affairs is commonly called the Aid and Attendance pension. There are three prongs of Aid and Attendance eligibility. They are 1.) Wartime Service; 2.) Medical Need Requirements; and 3.) Financial Need Requirements. We’ll talk about each prong of eligibility below. 1.) Wartime Service You, or your spouse, must have served at least 90 days of active military duty. At least one of those days must have been during … [Read more...] about Who is Eligible for Veterans Aid and Attendance Benefits?
Veterans and their surviving spouses who meet certain income and asset requirements and who are permanently and totally disabled or 65 years or older may receive a special pension from the Department of Veterans Affairs. To receipt this benefit, the veteran must have been discharged under other than dishonorable conditions and served 90 days or more of active duty, one day of which was during World War II, the Korean War, Vietnam War or Gulf War. The dates the VA uses to calculate these wartime … [Read more...] about VA Pension Benefits: Do You Qualify?
If you are a veteran living in Sacramento, there are so many different types of assistance available to you through the Veterans Administration. This assistance can be provided through an assisted living facility, in your home, in a nursing home or provided by others, including friends, family members, or healthcare professionals. There are many Veterans benefits Sacramento residents may be eligible for without knowing it. If you or a loved one falls into this category, here is what you need to … [Read more...] about Veterans Benefits Sacramento Residents Should Know About
Aid and assistance of various kinds are available for veterans through the V.A. or Veterans Administration. This assistance can be in an assisted living facility, at home, in a nursing home or provided by others, including friends, family members, or healthcare professionals. Veterans in Sacramento may be eligible for nursing home assistance, without knowing it. If you or a loved one falls into this category, here is what you need to know. Eligibility for V.A. long-term care benefits Some … [Read more...] about Sacramento Veterans May Be Eligible for Long Term Care Assistance
As we age, many of us become increasingly concerned about the possible need for long term care and the options available to pay for it. In this article, we will examine those options. There are 5 basic ways to pay for long term care: 1. Private Pay 2. Long Term Care Insurance 3. Medicare 4. Medi-Cal 5. Veterans Benefits Not all of these methods will be available to all persons. For example, veterans benefits are limited to only certain veterans. Long term care … [Read more...] about Overview of How to Pay for Long Term Care (Part 1 of 2)
At a certain point in most people’s lives, they become concerned about paying for long term care. There are 5 basic ways to pay for long term care: 1. Private Pay 2. Long Term Care Insurance 3. Medicare 4. Medi-Cal 5. Veterans Benefits Not all of these methods will be available to all persons. For example, veterans benefits are limited to only certain veterans. Long term care insurance may not be available for persons with certain pre-existing conditions. Private … [Read more...] about How to Pay for Long Term Care (Part 1 of 2)
For most people, even retirees and other seniors, the idea that you might have to spend time in a nursing home or extended care environment isn't something you think about a lot. Unfortunately, the reality of the situation is that the older you get, the far more likely you will be to have to live in a nursing home at some point. While only a small percentage of people in their late 60s or early 70s need nursing home care, that number rises significantly the older you get. With the average cost … [Read more...] about You May Need a Plan to Avoid Losing Your Nest-Egg to Nursing Home Costs