Unfortunately, Medicare does not cover expenses associated with long-term care, such as for nursing homes or assisted living facilities, which can cost as much as $11,000.00 or more per month. Medicaid for long-term care services will, however, cover the cost of that...
Medicaid Planning
1 step people often overlook when planning to age in place
Aging in place involves someone remaining in their home for as long as possible, possibly including through their time in hospice and palliative care at the end of their life. People often make major changes to their finances and homes so that aging in place is...
Your Financial History Can Affect Medicaid Eligibility
Some forms of Colorado Medicaid are deemed so crucial to public health that the state is rather liberal with the benefits. Pregnant women can qualify for prenatal benefits on their current financial circumstances, and children can often receive Medicaid coverage even...
How to get a parent with dementia admitted to a nursing home
It can be very difficult to accept that your mother or father's dementia has reached a stage where they need professional care. But once you come to grips with the fact that it's time to move your parent into an assisted living facility, you naturally want the process...
Those who want to pass on their homes may need Medicaid planning
Your retirement plans probably focus mostly on Medicare for your health care needs, not Medicaid for long term care. After all, Medicaid is a need-based program, and you have set aside funds for years to save for your retirement. You probably assume you will not have...
What assets can you keep and still qualify for Medicaid?
As you get older, your legacy can take on new importance. What will you leave behind? How will your loved ones fare? One way to address these issues is to start some planning now. Part of this planning can mean managing your assets to increase the likelihood of...
Could your loved one benefit from equine therapy?
Elderly loved ones often require care for sensitive and complicated issues like memory loss, speech problems and movement dysfunction. One therapy that could help treat these issues is equine movement therapy. What is equine therapy? The benefits of fostering a...
Medicaid planning dos and don’ts
If you are thinking about the future and how you can plan wisely for life after retirement or incapacity, one area you may well be interested in is long-term care Medicaid. The benefits available through this program are often crucial for recipients. These include...
Are you (and your family) prepared for the cost of aging at home?
One goal many people have regarding their lifestyle and care needs as they age is to stay in the comfort of their homes as long as possible. If this is something you wish to do, it is crucial to consider the cost of receiving care in your home. And it is not just the...
Who pays when seniors get home-based care?
People's health often declines as they get older. They may become less mobile, and they may start forgetting things from time to time. Because of this, it can be challenging to do everything you need to do, especially if you live alone or with a partner in a similar...
