Nursing Home Care and Medicaid Planning
It is drilled into your head that paying for college and buying a home are the biggest investments you will ever make. Not true. The cost of long term health care can dwarf college costs and home purchase expenses.
Home Health Aides charge $18.00-$25.00 per hour. An individual needing 24 hours of care can expect to pay almost $600.00 a day. Even a more limited 6 hours of daily care would still incur a $54,750 annual cost. A Nursing Home’s monthly cost can exceed $16,000.00.
Medicare can cover up to the first 100 days, but beyond that period you will have to pay that cost out of your pocket. That is $192,000 per year. For a family to preserve its assets in the face of this impending, monumental cost only Medicaid Planning from an Eldercare Attorney can offer the necessary protection.
In-Home Care and Medicaid Planning
Contact Sloan & Feller with your Medicaid Planning Questions.
Our firm regularly does Medicaid Planning in Westchester County, Rockland County, Putnam County, Dutchess County, Orange County, New York City (Manhattan, Queens, Brooklyn, Staten Island, Bronx), Nassau County and Suffolk County.
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