Many adult children experience a role reversal with their parents as their parents age. If you are going through this phenomenon with your parents, you are likely starting to worry about the rising cost of healthcare for seniors. As your parents get older, their healthcare costs will undoubtedly increase. If one (or both) of them needs long-term care at some point, the cost of that care could easily exceed $100,000 per year. To ensure that your parents can afford that care if it is needed, the … [Read more...] about Will My Parents Qualify for Medi-Cal?
Creating a comprehensive estate plan requires you to consider a number of factors that might impact you as you age, including the likelihood that you, or a spouse, will need long-term care. If you do end up needing long-term care (LTC), the cost of that care could put your estate assets at risk if you failed to plan for the possibility ahead of time. One way to plan ahead for LTC is to purchase LTC insurance. Long-term care insurance, however, is not right for everyone. To help you decide if it … [Read more...] about Should I Purchase Long-Term Care Insurance?
Planning for your retirement years requires you to do more than simply save money. You need to think about how to protect the money you manage to accumulate for your retirement years as well. One way you can do that is by contemplating the need for long-term care, and the cost of that care, in your estate plan. Specifically, you need to consider the impact that Medi-Cal’s “spend-down” requirement could have on your retirement nest egg or you could lose the entire nest egg. To help you, a Los … [Read more...] about Los Angeles Medi-Cal Attorney — How to Avoid “Spend-Down”
Are you a senior who is suddenly facing the need for long-term care (LTC) for you or a spouse? If so, you are also facing the need to pay for the cost of that care. In the State of California, that means paying an average of $10,000 per month in LTC expenses. Unless you can afford to cover those expenses out of pocket, you will likely find yourself turning to Medi-Cal for assistance. While Medi-Cal does cover LTC expenses, you may find yourself looking at several obstacles to eligibility unless … [Read more...] about Rules for Medi-Cal Eligibility for Seniors
Medi-Cal is California’s Medicaid program that provides health insurance coverage for low income individuals and families. You may go your entire life without ever needing Medi-Cal benefits – until you suddenly need them to cover the high cost of long-term care as a senior. If you failed to plan ahead for that possibility, you may be denied benefits. More accurately, you may be required to suffer through a waiting period before Medi-Cal benefits will kick in and start covering your expenses. … [Read more...] about Can a Medi-Cal Attorney Help Me If I Am a Senior and I Was Denied Benefits?
What Is California Medi-cal from Collins Law Group Medicare is another government health insurance program People qualify for Medicare through the accumulation of retirement credits. Learn more about California Medi-cal in this presentation. … [Read more...] about What Is California Medi-cal
Medicaid is a need-based health insurance program that is offered across the country. We practice law in California, and in our state, the program is called Medi-Cal. The majority of seniors will qualify for Medicare coverage. This is another government health insurance program. It is not a need-based program, so you can qualify even if you have assets. Topics covered in this report include: Limitations of Medicare Paying for Long-Term Care Click here to read the whole article or download … [Read more...] about Free Report: What Is California Medi-cal