Protecting Assets From Nursing Home Bills
Paying for nursing home care or home care can be daunting. The average cost of private pay at a nursing home care can exceed $14,000 a month. The knowledgeable attorneys at Connors and Sullivan Attorneys at Law, PLLC, can provide essential estate planning tools to help assure that your assets are protected from high costs. For example, placing your assets in a trust may preserve your home and other assets from Medicaid nursing home bills.
Most Americans over the age of 65 qualify for Medicare, which does not pay for long-term care or home health care. Even the best private insurance will likely not cover long-term nursing costs. It is possible, however, with thorough planning, to qualify for Medicaid benefits, an insurance program designed to provide health care for the disabled and people over 65. Medicaid is the only program which can provide long-term health insurance for nursing home or home care.
To find out more about Medicaid eligibility, schedule a complimentary initial consultation with a qualified estate planning attorney at Connors and Sullivan Attorneys at Law, PLLC. Our attorneys serve clients throughout New York City’s five boroughs, from offices in Brooklyn (Bay Ridge), Queens (Middle Village, Bayside) and Manhattan (Midtown). Call 718-414-6209 or contact us by email.