Even though people are living longer than ever before, it doesn’t mean you should overlook the importance of elder law, long-term care planning, and government programs such as Medicaid.
According to the U.S. Department of Health & Human Services, approximately 60 percent of people will require some form of long-term care during their life.
Planning for this is critical, as doing so will allow you to receive the care you require at a cost you can afford.
Essential Questions to Address
There are many questions to answer pertaining to elder law, long-term care planning, and Medicaid, including the following:
- Do you have a long-term care plan in place?
- Do you have a strategy for paying for long-term care?
- What facility do you want to receive long-term care in?
- Have you considered buying long-term care insurance?
- Do you understand how Medicaid works?
Answering these questions allows you to best plan for the future, which will give you and your loved ones peace of mind.
What is Medicaid?
Here’s how the Florida Medicaid program is defined by the federal government:
Florida Medicaid is the state and Federal partnership that provides health coverage for selected
categories of people in Florida with low incomes. Its purpose is to improve the health of people who might otherwise go without medical care for themselves and their children.
If you meet the eligibility requirements, you can rely on Medicaid benefits to pay for long-term care.
Note: Medicare does not pay for long-term care expenses.
A hallmark of The Edwards Law Firm is education – educating ourselves and educating our clients. We will provide you with proven strategies that will better safeguard your future. Contact us online or via phone for more information on long-term care planning, elder law, Medicaid and related topics.
