Daily costs range from $295 to $320 (2020) depending on location and other factors. Seniors who live in nursing homes in Michigan will find there are several ways in which to pay for such care. Long term insurance is one option. However, most policies do not pay the full daily cost and there may be time restrictions and maximum benefit amounts. Some seniors self-pay by selling their assets such as a home or business, until they have no money left. (Not our client’s!) Still, other seniors rely on Medicaid to pay for their stay in a nursing home. Medicaid is a federal program that is need-based and is the government’s answer to paying for skilled nursing care. At The Law Offices of David L. Carrier, our goal is to qualify you legally, ethically, and morally for Medicaid; to preserve as much of your life savings for you, so that your choices matter.
We get questions from families about how much money the at-home spouse can keep, the amount the nursing home spouse can keep (if any) and other such important questions when applying for Medicaid.
Every divestment, no matter how small, triggers a penalty and denial of benefits.
IMPORTANT: You do not have to spend down your life savings to qualify for Medicaid. There are legal and ethical strategies that an expert Elder Law attorney can utilize, to get you the benefits you’ve earned.
We understand that to you, an estate plan is more than just a financial decision; it is a decision that will have a long-lasting and direct impact on your loved one ones. As such, all estate planning strategies that are employed are tailored to your specific needs. No two estates nor families are alike, and your estate plan should reflect that.
Our law firm is one of the most experienced estate planning law firms in the country, with more than 34 years’ background helping clients in Michigan. In fact, our firm has assisted more than 10,000 families with their planning needs, resulting in millions of dollars of life savings and assets protected.
For more answers to your questions contact us today!
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