Youngstown Elder Law Attorney
The average costs of long-term healthcare is $90,000 per year. That’s money that can drain away our assets in a hurry in old age. Furthermore, there are several costs associated with long-term healthcare that go uncovered by both Medicare, the government program for the elderly, and standard private insurance plans. Clients need good strategic planning to help manage expenses in years where they may be in physical or mental decline.
Clients who come to our Youngstown elder law attorney get thoughtful and thorough service delivered at a reasonable price. From our Youngstown office, we serve all of Mahoning County and throughout Columbiana County and Trumbull County. Call today at (330) 953-3066 or reach out here online to set up a free consultation.
Practice Areas
The Medicaid Planning Option for Long-Term Care
Many people don’t think of Medicaid as a program that’s meant for them. It’s most commonly perceived use is as the government program designed for those whose income may be under the poverty line. But due to how steep the financial costs of long-term care are, Medicaid can also be used to pay for these expenses.
However, applicants must meet certain requirements. Cash assets cannot exceed specified levels and there are limitations on how much real estate a person can own and still qualify for Medicaid. These requirements vary depending on whether one is married or single. The applicant whose assets exceeds these thresholds can be denied Medicaid and subject to paying all long-term care costs out of their own savings.
That’s where a Youngstown Medicaid planning lawyer comes in.
We Are Here To Help
How Medicaid Planning Works
Youngstown Elder Law Attorney
Protect Your Assets from Long-Term Care Costs
The average costs of long-term healthcare is $90,000 per year. That’s money that can drain away our assets in a hurry in old age. Furthermore, there are several costs associated with long-term healthcare that go uncovered by both Medicare, the government program for the elderly, and standard private insurance plans. Clients need good strategic planning to help manage expenses in years where they may be in physical or mental decline.
Clients who come to our Youngstown elder law attorney get thoughtful and thorough service delivered at a reasonable price. From our Youngstown office, we serve all of Mahoning County and throughout Columbiana County and Trumbull County. Call today at (330) 953-3066 or reach out here online to set up a free consultation.
Strategic Medicaid Planning You Can Trust
At DiLoreto Law, our Youngstown elder planning attorney will sit down with clients and prepare a thoughtful plan to protect their assets. We take a close look at all the factors that should impact when assets should start going into a trust and how the trust should work. Our goal is to protect both Medicaid eligibility and quality of life.
We serve all of Mahoning County and throughout Columbiana County and Trumbull County. Call today at (330) 953-3066 or contact us online to set up a free consultation.