A Crisis Care Plan is for elderly adults that have immediate health and safety needs with a focus on getting proper, affordable care. This includes both Medicaid and VA aid and attendance benefits.
People are often mistaken that Medicare will pay for their long-term care, whether at home or in a nursing home. In fact, Medicare will generally only pay a nursing home for 20 days. Thereafter, there is an 80-day co-pay required by the nursing home resident. After day 100, Medicare pays nothing.
In general, people pay for long-term care with: (1) their own resources, (2) long-term care insurance. (3) V.A. benefits or (4) with Medicaid (also known as TennCare). Unfortunately, most people’s resources and long-term care only last so long, because the cost of long-term care is so high.
According to the Genworth Cost of Care Survey, the average yearly costs of care are: (1) $84,588.00 for a private room in a nursing home, (2) $78,960.00 for a semi-private room in a nursing home, (3) $48,456.00 in an assisted living facility, (4) $46,548.00 to have a home health aid in your home, (5) $44,652.00 for in-home private homemaker services, and (6) $17,952.00 to attend adult day health services. (https://www.genworth.com/aging-and-you/finances/cost-of-care.html)
The good news is that Kane and Crowell Family Law Center may be able to help your family protect your resources. Advanced planning is always the best, but if you didn’t plan before, it’s not too late. Our staff of attorneys can help limit your financial liability that the rising cost of health care creates.
Our attorneys will conduct a comprehensive analysis of all possible benefits (including VA aid and attendance and Medicaid/TennCare) as well as provide direction in the area of care. Our plans are developed and customized based on the needs of each client. Most plans will include elder law and estate planning, as well as asset protection strategies that consider tax issues, trust planning, asset retitling, or the use of corporate entities.
Contact Kane and Crowell Family Law Center immediately at (615) 784-4800 if you or a family member are facing long-term care and health issues. It is our goal to make sure our clients have the quality of life they want and deserve.