If you are contemplating a move to a nursing home in New York or assisting a loved one in doing so, understanding the associated costs is crucial. The intricacies of nursing home expenses are influenced by multiple factors like location, duration and required care...
Many people begin their estate planning journeys without understanding what the related legal terms are, which can be confusing and can lead people to make decisions that may not be in their best interests. For example, one of those words is probate. Probate is the...
Medicaid is a federal assistance program that helps participants with the rising costs of medical care as they grow old. Many states, including New York, have their own financial assistance programs that can be combined with Medicaid to provide significant help to...
As you get older, healthcare and medical needs generally increase. Medicaid could help you pay for these long-term needs, but qualifying might be a challenge. There are specific income and asset thresholds you must meet to be eligible for Medicaid. These rules are...
With each passing year, you cannot escape the reality that you are getting older. While elder care is the last thing on your mind in your 20’s, it should be a topic of importance as you age or near retirement. Because nursing homes and long-term care facilities are...
When you or a loved one are going into a nursing home in New York, you are likely to have many questions. You trust nursing home staff to take good care of you or your loved one and this is done through a nursing home care plan. A nursing home care plan is a health...
Many older Americans are living happy, healthy and productive lives, but no one can stay that way forever. The older we get, the more likely we are to need long-term care. In fact, some studies have estimated that 70% of Americans who live to age 65 will need some...
If you have a family member or friend who is unable to make decisions or needs care, you may consider guardianship. A guardian is a person appointed by the court to make decisions for another person, called a ward. Guardianship process Guardianship may be necessary...
Even if you’re healthy now, there’s a significant chance that you’ll need long-term care at some point in the future. In fact, studies have shown that 70% of those age 65 and older will need some form of long-term care. This is a significant number, especially in...
As you probably know, Medicaid can help elderly New York residents pay for long-term health care needs. To qualify for Medicaid, you need to meet certain income and asset thresholds. This means that you cannot get Medicaid if your income is too high, or you have too...
