Nursing home costs can be astronomically expensive, totaling more than $100,000 annually in many cases. The bills for nursing home care are much higher than most families can comfortably pay, raising the question of who ends up footing the bill for the costs of care. Unfortunately, in many cases, it is seniors and their families who [ ] The post Who pays for Nursing Home Costs for Seniors? appeared first on Nirenstein, Horowitz & Associates P.C..
Veteran benefits are invaluable to people who served in the military and who have earned access to a wide variety of different programs and services. There are many benefits which should be available over the course of a veteran s life, but some of the most important benefits are ones that veterans become eligible for as [ ] The post Can Veteran Benefits Help with the Costs of Aging? appeared first on Nirenstein, Horowitz & Associates P.C..
A Connecticut nursing home planning lawyer knows that many people are concerned about the costs of nursing care as they get older. There is plenty of reason to be worried, as getting nursing care either at home or in a residential facility can be very expensive. In fact, PR Newswire recently reported on an annual [ ] The post Projected Costs of Nursing Care in Connecticut appeared first on Nirenstein, Horowitz & Associates P.C..
The Medicaid program is something that you may not think much about if you are not financially needy. This is a jointly run federal/state government program that provides health insurance for people who can prove that they are largely without monetary resources. However, when you start to look ahead toward your senior years, Medicaid may find its way onto your radar. Read on to find out why. Nursing Home Costs The United States Department of Health and Human Services has stated that 70 percent of people reaching the age of 65 are eventually going to need help with their activities of daily living. Approximately 25 percent of people who are at least 85 are residing in nursing homes. Genworth Financial has been conducting an ongoing study that examines the state of long-term care around the United States. They have compiled statistics for every state, and they also have numbers for specific metropolitan areas. We practice law in Hartford, Connecticut. According to the study, in 2015, th
The matter of nursing home costs is something that most people don t think about. However, the situation will invariably get your attention when you start to seriously consider the eventualities that you will face as a senior citizen. You are probably aware of the fact that you may need help with certain activities as you age, but many people feel as though they can rely on family members, friends, and neighbors to provide a certain level of support. Without question, this is the dynamic in many cases. At the same time, when you look into the facts, you would do well to take a pragmatic approach so that you can position yourself in the optimal manner for the benefit of your loved ones. Government Statistics Government statistics paint a very compelling picture when it comes to nursing home care. The government website LongTermCare.gov has been carefully crafted by the United States Department of Health and Human Services to help people understand the lay of the land. There are various