Guiding You Through The Processes Of Long-Term Care Planning
Many people assume that Medicare and other programs cover all medical needs, but that is not the case. We encourage you to call our lawyers at the Cumming and Alpharetta offices of the Teiger Law Center, P.C., to discuss your possible future needs and what Medicare benefits will and will not cover.
One way to avoid potential pitfalls is through long-term care planning. A key component of any good plan will be the purchase of long-term care insurance. Concerned children of an aging parent can take a policy out for mom or dad, or they can purchase it for themselves.
It’s Never Too Early To Start Considering The Future
Before you shrug your shoulders and ask why should you buy insurance when Medicaid benefits can just kick in, consider this: most facilities are required to carry a percentage of Medicaid beds. The demand is greater than the number of beds and as Medicaid pays lesser and lesser for a nursing home bed, nursing homes are cutting Medicaid beds to the minimum required, adding to the shortage. Additionally, most long-term care insurance policies allow for freedom of choice of nursing homes, which Medicaid may or may not do, depending upon availability.
Depending on family care may not be an option, either. Sadly, some children die before their aging parents, but even under the best of circumstances, today’s hectic lifestyle may not be a good fit for a parent who needs a slower pace. Not all children are cut out to be caregivers and sometimes the nursing skills needed are beyond them. Even then, some elderly residents prefer to live among those in their own age group.
Achieve Peace Of Mind With Help From Our Attorneys
Our lawyers at Teiger Law Center, P.C., open up dialog on these and other difficult topics as you plan for your future. Contact our elder law attorneys and we’ll set up a convenient time and location for you to have a consultation. Call 678-374-7645 or 800-780-2275.