Paying For Care
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Paying & Planning For Assisted Living
Options to explore to help pay for assisted living both in a community and or in your home as well as
other financial aspects to take into account.
Assisted living rates will vary from state to state and typically ranges from $2,000 to $7,000 per month.
The first questions most often asked is will Medicare pay for assisted living. The answer is no.
Let us help you build a plan to pay for assisted living!
If your loved one has limited funds, typically $2000 per month income and $2000 in assets, not including your home or car, Medicaid may be an option.
Aid and Attendance is a benefit for Veterans and their spouses to help pay for assisted living. There are several requirements to be eligible for this benefit. The benefit can provide up to $1,758 per month to a veteran, $1,130 per month to a surviving spouse, or $2,085 per month to a couple.
Insurance provides more options to paying for Long-Term Care. Depending on the policy, the premiums might be able to stop at time of need, the accumulated value saved up inside policies, riders attached to policies and death benefits can be accessed early in some cases.
Legal issues that affect people as they age are growing in number. Our laws and regulations are becoming more complex, and each state has different laws. Actions taken with regard to a single matter may have unintended legal effects.
Estate planning is making a plan in advance and naming whom you want to receive the things you own after you die. However, good estate planning is much more than that, and should be seriously considered to protect what you have worked so hard for.
The earlier a person begins to actively and consistently save and invest for retirement, the more funds he or she will be able to accumulate. Retirement is seen as a gradual transition from one life stage to another.