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Case Study: the Caretaker Adult Child

By Rick Law, Senior Advocate and Estate Planning Attorney in Western Chicago. Abigail was diagnosed with Alzheimer’s at the age of 52.  One of her sons, Steve, got a call from Abigail’s former employer in a town 30 miles from where Abigail lived. Abigail had driven that morning to a job where she had not […]

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Common Mistakes Made By Seniors

By Estate Planning Attorney Rick Law, advocate for seniors and baby-boomers in Kane County, Illinois. Too many people make grave mistakes, spending or giving away money freely before they unexpectedly need to qualify for Medicaid. That said, when planning is done properly, it’s often possible to qualify for Medicaid while saving some of your assets […]

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Medicaid Eligibility For Seniors

By Elder Law attorney Rick Law of the Estate Planning Center at Law Elder Law in west suburban Chicagoland, IL. Let’s get a little more in-depth on the issue of Medicaid eligibility.  What assets “count” for Medicaid, and which are exempt or non-countable? For single individuals in Illinois, Medicaid considers that all assets that are classified […]

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Paying for Care

By Rick Law, Senior Advocate, Estate Planner, and Elder Law Attorney at Law Elder Law in Aurora, IL Seniors who do need long-term care can face enormous expenses if proper planning is not in place. The cost of receiving care, whether that care takes place in a facility or at home, continues to increase each […]

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The Challenges Of Paying for Long Term Care on Your Own

By Elder Law Attorney Rick Law. Founding Partner of Law Elder Law – West of Chicago in Aurora, IL There are many issues that can affect a person’s self-funding options for long-term care. These can include: Market conditions – Markets go up and markets go down. In a situation where the market drops and an […]

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Who Qualifies for Medicaid?

By Rick Law, founder of the Estate Planning Center at Law Elder Law in West Suburban Aurora, IL Medicaid imposes some strict qualification criteria, but in general, it will cover long-term care in a skilled nursing facility when the patient meets two conditions: The patient’s personal income and asset holdings are under strict limits The […]

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What is Medicaid?

By Rick Law of Law Elder Law in Aurora, IL Medicare is a health insurance program that is an entitlement – regardless of an individual’s income or assets. Medicaid is not. Medicaid is jointly funded and administered by the federal government through the Centers for Medicare and Medicaid Services and each state. The responsibility for […]

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Remember: Medicare is Not Designed to Pay for Long-Term Care!

by Estate Planning Attorney Rick Law of Law Elder Law in the West Chicagoland suburb of Aurora, IL. Few people realize the limitations of Medicare.  Medicare was designed to care for those with acute medical conditions like gall stones or broken bones.  It does not take on the cost for diagnoses such as Parkinson’s Disease, Alzheimer’s, […]

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Meeting the Medicare Criteria

By Estate Planning attorney Rick Law of Law Elder Law, Illinois’ leading Elder Law attorneys. As you may have read in our previous blog entries, Medicare only cares about you if you can get better.  Many seniors expect that Medicare will take care of them if they need to have long term care later in […]

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When Will Medicare Pay for a Nursing Home?

By Rick Law of Law Elder Law in Aurora, IL, Serving Seniors and Boomers in the Western Suburbs. Many people are under the misconception that Medicare will pay for the bulk of their long-term care services. However, nationally, Medicare covers only about 5 percent of all nursing home costs, and the parameters for qualification are […]

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