Month: February 2019

Tips on how to keep from going broke from nursing home expenses

Nursing home

Millions of elderly people in the U.S. are currently living in nursing homes. Most of them don’t have a lot of money and they can’t afford to live anywhere else and receive the care that they need due to chronic  illnesses such as stroke, dementia and Parkinson’s disease. Fortunately, most of those costs are paid by the government through the Medi-Cal program in California or Medicaid a it is  referred to in other states.

But what happens when an individual ends up in a nursing home because they need the level of skilled nursing care that can only be provided in such a facility but have assets to pay for that care? At first glance this does not seem to be a problem. However, if there is a well spouse at home, he or she will pay between $8000.00-$12,000 a month potentially bankrupting him/her and leaving that well spouse with little or no money to care for themselves.

It is precisely because of this situation that many Californians turn to Elder Law Attorneys to make sure that they qualify for Medi-Cal in advance so that should the need for Medi-Cal arise they will be prepared. Attempting to spend assets down to an acceptable amount  for eligibility ($2000 in non exempt assets for a single applicant and $124,429 in on exempt assets for a couple) at the last minute can be expensive and decrease the chances that the application will be accepted.

 

 

 

 

 

Conservatorships are a last, but important 0ption

,  Conservatorships

When an elderly person suffers from memory loss or becomes too ill or weak to handle their own affairs, a conservatorship is a very important option.

In the U.S., many elderly people are being abused by predators who prey on their weakened disposition. Typically they are after money. It can be relatives, “friends,” or “well-meaning” neighbors.

How do you spot these culprits. It starts with checking in on our elderly on a regular basis to see how they are doing. How do they look? Are they in clean clothes? Is their mail piling up? Are there any people you haven’t ever seen before showing up and appear to be taking over. Who answers the door or the phone when you call?

If you suspect something is wrong, you can call Adult Protective Services to have them come out and check on them.

But foul play isn’t the only reason a conservatorship may be needed. It is a way to keep someone physically and financially safe. This requires an order by the court so it is not a simple process, but it is very common.

As an elder law attorney in the South Bay with offices throughout Los Angeles County, I have handled many conservatorships for adult children of elderly parents and their relatives. For more information or if you have any questions, you can call my office at (310) 292-2952 or you can visit my website.