While elder law attorneys in Pace work with people of all ages, they focus on issues that are particular to senior citizens and their families. Two of the biggest examples are: Nursing Home Medicaid Planning: one of the most common questions senior citizens have is “If I need a nursing home in Pace, how do I pay for it?”. This is an important question to ask, as most insurance plans do not cover nursing home care, and the out-of-pocket costs involved average anywhere to nearly$8,000 per month. The good news is that, if you qualify for Medicaid, it will cover most of your nursing home costs. The bad news is that in order to be eligible to qualify, you must meet very strict income and asset standards. This leaves most people in the no-man’s-land of being too wealthy to qualify for Medicaid, but too poor to pay out-of-pocket for nursing home care. However, there are ways to structure your assets in order to help you qualify for nursing home care. This is a complex area of law with constantly changing rules, so it is vital that you work with an elder law attorney who knows this process and is able to make sure that, no matter what happens in the future, you are afforded the best possible care. Learn more about nursing home Medicaid here.
Medley Law Firm is an Elder Law, Estate Planning and Probate firm in Pensacola, Florida that offers in-person professional services from Pensacola to Panama City and virtually across the entire state.Contact Us