LONG-TERM CARE PLANNING

Proactive Planning

What are your chances of needing long-term care? According to the Department of Health and Human Services, almost 70% of those turning 65 will need it at some point in their remaining years - whether it's a chronic illness, disability, or help with basic care. Start planning today for how you or your loved ones will pay for these health care costs should you join that growing number.

Whether living in a facility or remaining at home is best for you or a loved one, long-term care takes careful planning so that you can be assured that you will have the right resources going forward. Facilities have a range of different costs, but remaining at home also necessitates certain expenses over an extended period of time. Remaining at home can increase independence, but home modifications can be an important part of remaining comfortable and mobile.

Why Pre-Crisis Planning is Crucial

As people age, it is more and more likely that they will require long-term care or assistance. Family illnesses can arise, or unforeseen disabilities can take hold. The hardest time to start from scratch is during an emergency; this can be a complicated process, and the last thing you want is to hear all of the things that you should have been doing all along but never got to.

There is also the possibility that you or your loved one may be incapacitated and unable to communicate wishes but still in need of long-term care. Engaging in pre-crisis planning ensures that your wishes will be followed, and your loved ones won’t have to guess at the best decisions to make. Pre-crisis planning takes future burdens off of both you and your family.

The importance of pre-crisis planning cannot be overstated. Being able to tackle this process at a steady pace and with decreased stress is essential to getting things done right. Our attorneys are here to provide you with the level-headed expertise and counsel that you need, but we can’t go back in time. Meeting with now us to engage in pre-crisis planning allows us to map out a plan that you can implement immediately, allowing you to save and procure the right resources for the future.

For example, programs like Medicaid and Medicare will require a number of different factors to confirm eligibility. If Medicaid benefits are an important part of your long-term care strategy, you will want to have our legal team go over the steps and stipulations of the process with you, and make sure that you are in the best shape to receive benefits.

It is really not possible to know whether you or a spouse will need long-term care or Medicaid benefits. Thinking about long-term care during the aging process can be a difficult subject to bring up and deal with, but our experienced attorneys know how to guide you through this difficult process to ensure that you have both present peace of mind and future resources. For those benefits, planning now is incredibly worthwhile.

Learning How Proactive Planning Could Serve Your Needs

Planning for long-term care goes beyond just an insurance policy. An insurance policy can be a part of your plan, but it should include other parts as well. Long-term care can have indefinite duration; you need more than one potential plan or resource. Supplementing your plan with Medicaid benefits is often a necessary step. Among other things, our attorneys can help you:

  • Determine who you would like to be your proxy decision maker

  • Explore your eligibility and help you apply for Medicaid benefits

  • Work on your behalf to resolve insurance disputes

  • Set out guidelines concerning conservatorship

  • Compile and detail your wishes concerning long-term care

  • Figure out other ways to save and procure assets for your future

  • Set up a living trust to benefit both you and your heirs

You can bring some certainty into your future. Managing your future health care now will spare you and your family from the emotional and financial burden that often accompanies a health care crisis. It’s crucial the proper tools are put into place to protect your assets from rising costs and your family from the uncertainties of how to handle those costs should they occur.

Call us today to set up your complimentary consultation at 630-665-2300.