Do you or a family member need nursing home care? Are you concerned that you may lose your home and your life savings?

• In Massachusetts, nursing home care costs families between $80,000 to $100,000 per year.
• Many people falsely believe that Medicare will pick up the burden of these costs.
• While Medicare and supplemental health insurance plans typically cover medical expenses associated with acute illness, they only provide minimal coverage toward nursing home care. Few elders have sufficient means to meet these expenses.
• Unless long-term care insurance was previously purchased, few options are available to assist in financing nursing home care. The majority of individuals in this situation turn to Medicaid.
• To qualify for Medicaid coverage of nursing home care, a single individual cannot own more than $2,000 in countable assets.

By not taking the proper legal steps to protect your life savings, your home, all jointly held property, gifted assets, retirement accounts, bank accounts, securities, mutual funds, savings bonds and insurance policies – will all be used to pay for nursing home care.

Don’t let a medical crisis turn into a financial disaster as well.

Whether you or a loved one will need nursing home care or is already in a nursing home…we can help. Learn more about our services.