Why We Do What We Do: The Importance of Medicaid Planning
The U.S. population is older than it’s ever been, and it’s only getting older. This means more and more Americans are going to need long-term care, but the price of that care is skyrocketing. Paying privately would bankrupt many and leave nothing for their family, but Medicaid Planning can help you avoid that fate, which is why we do what we do at Eldercare Resource Planning.
Nursing home expenses can vary depending on the state, but the average cost is in the $8,000-$9,000/month range. Even if you worked hard and saved your whole life, that price tag could quickly deplete your savings. Long-term care at home may be less expensive than care in a nursing home, but the private caregivers, home modifications and durable medical supplies one might need aren’t cheap.
The costs of long-term care can be devastating to a family. Surviving spouses can be left impoverished. Inheritances that were being counted on might be lost. Homes may have to be sold. And the senior who needs the care can be left feeling guilty and helpless, horrible emotions to cope with on top of whatever medical conditions caused the senior to need long-term care in the first place.
Our Certified Medicaid Planners can help you and your loved ones avoid all those difficulties. We can show you how to qualify for Medicaid, which will cover your long-term care needs in a nursing home or at home, and we can show you how to do it without burning through all of your savings, selling your house or leaving your spouse penniless. Our Certified Medicaid Planners have been through a rigorous education and testing process to achieve their accreditation, and they have formally committed to providing our clients with the most cost-effective and legal way to achieve Medicaid eligibility.
Medicare will not cover long-term care, but financial assistance for seniors is available in many forms. At Eldercare Resource Planning, we track more than 450 different programs that help seniors afford their care and continue to live independently or in care communities. However, many of these programs are unknown and hard to access. Families often give up in frustration trying to navigate the bureaucracies, but our professional planners have already traveled through those bureaucratic mazes and they can show you the way.
Our integrated team of Medicaid planners, financial consultants and legal advisers understands how to use innovative financial products to maximize your resources without jeopardizing your eligibility. We will help you gather all the financial paperwork you’ll need to submit with your Medicaid application, which is the most time-consuming part of the process. And we’ll make sure those documents are presented in the right way and your application is completed correctly to help you avoid a Medicaid denial. When it’s time for your annual Medicaid Redetermination, we can help with that, too.
Don’t let long-term care bankrupt you or your loved ones. Connect with us to learn more about Medicaid Planning and how it can work for you.