Asset protection planning for when, not if, a long-term care event strikes your family may make all the difference in the world when it comes to your ability to leave a legacy. Our Jacksonville attorneys at Legacy Planning Law Group know that the best way to help is to understand your planning needs. If you’re interested in learning more about our Jacksonville elder law services, please book your free 15-minute phone call with our law office today!
Elder law is another aspect of estate planning, focusing primarily on the needs of families and individuals as they age. Aging issues include senior housing and home care, long-term (or nursing home) care, guardianships, health care documents, and Florida Medicaid.
As our population ages, more and more of us confront elder law-related issues, whether for ourselves or our parents. One of the most pressing issues is Florida long-term nursing home care, which usually is not covered by traditional health insurance. Depending on where you live and the level of care needed, the cost of nursing home care can vary greatly. Most people end up paying for Jacksonville nursing home care until their personal (or family) assets are depleted, then they may qualify for Medicaid to pick up the cost of long-term care options.
IN-HOME CARE | COMMUNITY/ASSISTED LIVING | NURSING HOME FACILITY |
Homemaker Services $57,200 | Adult Day Health Care $18,200 | Semi-Private Room $103,843 |
Home Health Aide $57,200 | Assisted Living Facility $48,000 | Private Room $115,523 |
Resource: https://www.genworth.com/aging-and-you/finances/cost-of-care.html
However, careful Florida Long Term Care planning can help protect your assets, whether for your spouse or for your children. An elder law attorney in Jacksonville, FL, can help you or a loved one understand options for long-term care in Florida.
Medicaid Is a joint federal-state program. While subject to specific federal requirements, each state implements its regulations on managing the Medicaid program. Medicaid is not an entitlement program like Medicare, but rather a form of welfare. Medicaid eligibility is determined after the proper application is submitted to the state. Many statewide Medicaid managed care programs are available in Florida, from basic medical coverage to Florida nursing home care programs.
Our Jacksonville elder planning lawyers assist seniors and their families in making the tough decisions regarding long-term care planning, including whether Florida Medicaid eligibility may be an option.
Helping a parent move to senior housing can seem more intimidating than orchestrating a rocket launch. The death of a spouse, declining health, or safety concerns can trigger the need to move. The first phase comes with the realization that what has been home is no longer suitable. Emotional ties to a place are hard to overcome. Finding a new home that is appealing and appropriate is no easy task, and neither is culling through a lifetime’s accumulation of “stuff.”
Here are some tips to help make the transition easier:
Our experienced Jacksonville elder planning attorneys can help you preserve your legacy in your golden years of life. If you’re interested in learning more about elder law in Florida and your options, please don’t hesitate to contact our Jacksonville law firm by Booking a Call Today. We look forward to speaking with you.
The following resources are provided by Legacy Planning Law Group
If you are committed to solving your planning needs and want to work with our skilled and experienced team, the first step to get started is booking your 15 minute phone call.
During the call, we will find out what your planning needs are so we can see if we can help you. We will also figure out if we would be a good fit for each other.
At the end of the call, we will set up a time to meet with the team and create a plan that will protect your family and preserve your legacy.
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