As an estate planning and elder law firm, one of our goals is to help seniors and the people who love them prepare for the financial, medical, emotional, and legal challenges that accompany growing older. We can design and implement an elder law plan to protect your assets if you require assisted living or nursing home care in the future, ensure that you maintain control over these assets, and help you cope with what is known as a Medi-Cal crisis situation.
Here are a few statistics that show why it is important to work with an experienced California elder law attorney to protect your assets against the high cost of long-term care:
- One out of every two women, and one out of every four men, will require nursing home care at some point in their lives
- Nursing home care in California averages between $69,400 and $194,000 a year
- It is estimated that nursing home care will become considerably more expensive in the future
- Approximately two out of every three families will exhaust their life savings within one or two years of a family member entering a nursing home
We can help you plan in advance for the possibility of incapacity and the need for long-term care, or help you cope with a Medi-Cal crisis situation.
Long-Term Care Planning
California Long-Term Care Planning Lawyer
Long-term care planning , also known as proactive Medi-Cal planning and preventative Medi-Cal planning, is for people who are healthy now but want to prepare for the possibility that one day they will need long-term care. We will work closely with you to design and implement a customized plan to protect your assets in the event of incapacity and the need for assisted living and/or nursing home care. The plan we create can protect your life savings for the benefit of your well-spouse, as well as your children and other loved ones. It can also help you become eligible for assistance from Medi-Cal as quickly as possible in the event you must enter a nursing home.
Coping with a Medi-Cal crisis situation
What is a Medi-Cal crisis? We define it as a situation in which a person must enter a nursing home immediately or in the very near future, and has been informed that he or she possesses too many assets to qualify for assistance from Medi-Cal. Given the high cost of nursing home care, it is indeed a financial crisis for all but the wealthiest families. As we noted above, most families go broke within a year or two of a family member entering a nursing home.
If you or someone you care about has been informed that he or she is ineligible for Medi-Cal assistance to defray the cost of nursing home care, do not despair! Information provided by friends, family, and even nursing home intake staff and social workers is often outdated or flat out wrong. Laws governing Medi-Cal eligibility are extremely complicated and ever-changing. We understand these laws and may very well be able to obtain the Medi-Cal assistance you need.
Contact our California elder law firm as soon as possible if you or a loved one is faced with a Medi-Cal crisis situation. We can determine if you are indeed eligible for assistance. If you are, we can help you obtain the assistance you need as quickly as possible. Even if you already live in a nursing home, we may still be able to help you.