The most significant elder law issue is the matter of long-term care and the Medicare gap. Nearly three-fourths of senior citizens will need help with their activities of daily living at some point. Over half of them will need professional … [Read more...] about Should I Buy Long-Term Care Insurance?
nursing home asset protection
Naperville In-Home Care Costs Rose By 13 Percent in 2021
We anticipate the release of the annual Genworth Financial cost of long-term care study, and they have just published the 2021 figures. In this post, we will share the updated numbers and put them in context for you. Naperville, IL Long-Term Care … [Read more...] about Naperville In-Home Care Costs Rose By 13 Percent in 2021
An Overview of Medicare Out-of-Pocket Expenses
Medicare eligibility is earned through the accumulation of retirement credits. You get these credits when you pay self-employment or FICA taxes, and in 2021, you receive one credit for every $1470 that you earn. The maximum annual accrual is four … [Read more...] about An Overview of Medicare Out-of-Pocket Expenses
Longevity Statistics Put Long-Term Care into Perspective
When you have been active and capable during your middle-aged years, it can be hard to imagine a time when you will need help with your activities of daily living. Yes, you may have some limitations, but you will not have to rely on others to … [Read more...] about Longevity Statistics Put Long-Term Care into Perspective
Enjoy the Comforts of Home With a Medicaid Waiver
Many people are surprised to hear that 70 percent of senior citizens will eventually need some form of living assistance. The United States Department of Health and Human Services states that 35 percent of elders will eventually reside in nursing … [Read more...] about Enjoy the Comforts of Home With a Medicaid Waiver
Can Medicaid Take Your Home?
There are some elder law and estate planning misconceptions that arise out of a misreading of incomplete information. This can definitely enter the picture when it comes to the Medicaid parameters, and we will provide some clarity about home … [Read more...] about Can Medicaid Take Your Home?