Long-term care and nursing home costs can quickly become overwhelming. If you are planning long-term for your loved one, Medicaid may be able to help you ensure your loved one gets the care they deserve.
However, you may find yourself asking, does Medicaid cover nursing home expenses? Read more to find out.
If you need guidance with your elder care plan, contact our Dallas-Fort Worth elder care lawyers today at (972) 560-6288 to schedule a consultation!
What Is Medicaid?
Medicaid is a government program that helps families in various ways including assistance with long-term care services. As of July 2019, more than 65 million people were enrolled in the program. This program also provides many services that are not covered through Medicare or even private health insurance.
Many people have heard horror stories related to Medicaid and long-term care costs. Since nursing homes are expensive, some families have lost all assets (including their home) when paying for nursing home care, even with Medicaid. However, Crain & Wooley can help individuals plan in such a way as to protect up-to 100% of their assets while having peace of mind that their long-term care expenses are taken care of. Proactive estate planning is key. Having a plan in place before your loved one needs long-term care is critical to planning success. Our team at Crain & Wooley can help you.
Want to know the difference between Medicaid and Medicare? Get the information you need in our blog post.
Does Medicaid Cover Nursing Home Costs?
Unlike commercial health insurance and Medicare, Medicaid covers long-term care for both nursing home care and community-based services. One in every three Americans 65 or older will need nursing home care, and two in three nursing home residents receive care through Medicaid. Medicaid offers coverage for many nursing homes and communities that enable seniors and people with disabilities to live independently.
Medicaid also provides other elder care services, such as personal and attendant aid that help seniors stay independent. Many of the services provided by Medicaid aren’t available through other insurance programs and are far too expensive for most seniors and their families to pay out of pocket.
How Do I Know What Is Right for My Loved One?
You need an experienced elder law attorney on your side. At Crain & Wooley, our team has helped families throughout Texas prepare for elder care costs. We can walk you through the process, explain your options, and help you get peace of mind knowing your loved one is covered.
Contact our Dallas-Fort Worth elder care attorneys today at (972) 560-6288 to schedule a case review!