Although no one wants to go to a nursing home, 72% of us will need long-term care, 48% of us in a nursing home. Many people mistakenly assume that Medicare will cover this (It won’t) or that they can rely on Medicaid. Why should you not rely on Medicaid for long-term care?
Are you more at risk for illness after you are discharged from the hospital? As anyone who has been hospitalized can tell you, a hospital is not a restful place. The stress and disruptions of hospitalization may accompany you home. What is post-hospitalization syndrome and how can you avoid it?
Becoming a caregiver for a family member or other elderly person involves a lot. Learning to do it right can ease the burden. Read more for helpful resources to help your learning curve.
Most people think that Medicaid is for other people, in particular for poor people. Medicaid is the primary payer for long-term care, whether at home or in the nursing home. Will you need Medicaid for long-term care?
The downside of living longer is that some of those extra years will come with extra difficulty. We are likely to have trouble getting around, whether that means trouble operating the car safely, needing a walker or a wheelchair. We are likely to have trouble doing the laundry and the housework. Grocery shopping and cooking will become too burdensome. Even bathing, dressing and grooming; using the toilet and maintaining continence may well become a problem. You may be wondering, do I need long-term care insurance? Nearly 70% of us will need some form of long-term care.
Perhaps your situation is simple. You have no spouse. You have no children. You have no house, no car and no more than $2,000 in the bank. Your memory is intact and your mind is sharp: you can complete the Medicaid application all on your own.
But, what if your situation is less simple? You may need an elder lawyer’s help to get things done.