Average nursing home costs are nearly $10,000 a month. That is almost $120,000 per year. Even a short stay at a nursing home can be a financial disaster for your family if you don’t prepare for the risk of loss.
For an individual with a chronic long term illness, the average stay in a nursing home is about 2.25 years.
An average stay in a nursing home exposes nearly $270,000 in life savings for the unprepared.
Fortunately, our Norton Shores elder law attorney can help you protect the bulk of your assets from Medicaid spend down. The sooner you call our law firm, the sooner you can have peace of mind.
If you or a loved one is unable to continue living at home, you’ll need to find a way to pay for nursing home care. Don’t wait until you’ve exhausted all your resources to call a Medicaid attorney. Our lawyer can help you determine your Medicaid eligibility so you aren’t left to shoulder the cost of nursing home care alone.
The Federal Office of Personnel Management projects that 60% of Americans who reach age 65 are expected to need long-term care at some point in their lives. For many families, a loved one with deteriorating health may need nursing home care sooner rather than later. If you’re unsure how to cover the cost of long-term care, call our Medicaid lawyer as soon as possible.
Our Norton Shores elder law attorney can help you protect the bulk of your assets from Medicaid spend down before you submit your Medicaid application. To schedule your consultation with Medicaid attorney Douglas H. McPhail, call (231) 799-4994.