Orlando Nursing Home Planning Attorney
Experienced Maitland & Orlando Nursing Home Planning
An accident or illness has put you or a loved one into the hospital, and the patient’s condition is such that the next stop after discharge is a nursing home. You’re not on Medicaid, and you don’t have long-term care insurance or any plan in place as to how you’ll pay for the nursing home. At $90,000 a year for a semi-private room and a potential stay of several years, nursing home care can completely deplete a family’s life savings, leaving nothing left over for the other spouse to live on or to fund any inheritance to future generations.
This is a financial crisis, but it is one that you can weather. At the Law Offices of Shea A. Fugate, P.A., our experienced and knowledgeable Orlando nursing home planning attorney can solve your urgent needs with nursing home planning tools so you can get the care you need for yourself or your loved one without draining the value of your estate.
Nursing home planning works, if it’s done right
If you’re already in a nursing home or know that a stay is looming on the horizon, but you don’t qualify for Medicaid or Veterans’ Aid & Attendance, you are facing a financial crisis regarding how you’ll pay for the nursing care. With the right nursing home planning, you can protect valuable assets and still qualify for Medicaid, spending down your estate without wasting it or completely draining it. Spending down your estate is not so simple as transferring title to your property to family members or friends to hold it for you. Such moves could actually keep you from Medicaid eligibility for a lengthy penalty period, regardless of whether you ultimately spend down your savings. Instead, you may choose to spend your assets on immediate annuities, pre-paid funeral costs, home repairs and other expenses that enhance the value of your estate, rather than draining it. Talk to an experienced Florida elder law attorney about the nursing home planning tools that may be available to you and that are the right choices for your unique situation.
Do patients on Medicaid receive worse care in the nursing home than patients with long-term care insurance or on private pay?
No. To do so would be against the law. Nursing homes must provide the exact same level of care to a wealthy patient paying out of pocket, a low-income patient on Medicaid, or a middle-class patient who engaged in smart, strategic planning to afford nursing home care with help from Medicaid and without sacrificing a lifetime of savings. Going on Medicaid is not something to be avoided; rather, it is something to be planned for through deliberate, intelligent Medicaid planning. Paying for a nursing home without help from Medicaid is not an option for most people.
Nursing Home Planning in Maitland and Orlando
For immediate assistance with nursing home planning, even in a crisis, call the Law Offices of Shea A. Fugate, P.A. in Maitland and Orlando at 407-539-0123 for a no-cost, confidential consultation on the strategies and solutions to ensure you or your loved one get the nursing care you need.