Tag Archives: expensive

How Expensive Is Long-Term Care?

The most pressing elder law issue of the current era is the matter of long-term care. People are living longer lives, and as you reach an advanced age, it becomes more and more likely that you will need living assistance eventually. Perhaps surprisingly, 70 percent of people who have attained senior citizen status will eventually need help with their day-to-day needs. You may assume that Medicare will pay for long-term care if you ever need it, but in reality, Medicare does not pay for custodial care. This is a serious matter, because long-term care is very expensive. Assisted Living Costs Genworth Financial has been researching the state of long-term care costs for the last few years, and the figures for 2015 have been released. Our firm is located in the state of Connecticut. According to the survey, in Connecticut, the median annual charge for a private room in a nursing home is a staggering $158,775 at the present time. A semi-private room is not going to provide much of a discoun


Elder Law FAQs: How Expensive Is Long-Term Care?

Elder law attorneys are sensitive to the needs of people who are concerned about the contingencies that they may face toward the end of their lives. There are many things to take into consideration, and you should act in a fully informed manner if you want to enter your senior years with peace of mind. One major elder law issue that everyone should be aware of is the matter of long-term care. It is natural to assume that Medicare will pay for all of your health care expenses once you obtain eligibility at the age of 65. Unfortunately, this is not entirely true. Medicare will not pay for long-term care. You could cross your fingers and hope that you never need long-term care, but if you are capable of handling all of your own affairs every day of your life, you will be in the minority. Seven out of every 10 seniors citizens will need help with their activities of daily living eventually according to a government agency. Long-Term Care Costs Unless you have extremely deep pockets, it is