It is a terrible day when you realize someone you love may not be able to live on their own any longer.
Your head spins with questions: How will we pay for all of this? What should I do? Who can we call for help?
We understand. We are here to counsel you when things get tough.
Very few people know how to handle the multifaceted complexity caused by dementia, Alzheimer’s, Parkinson’s Disease, or another diagnosis that may require long-term care.
What matters most is finding care for your loved one. But how do you pay for that care? At a monthly average cost of $6,000 to $8,000 or more in Illinois, nursing home expenses can quickly consume the life savings of even the most conscientious planners and savers.
Many people believe that Medicare will pay for nursing home costs. But Medicare only provides healthcare benefits for “acute medical care,” rehabilitation services, and prescription drugs. “Acute medical care” is short-term treatment for a condition or illness from which recovery is expected.
Medicare was not designed to pay for the kind of care you will need if you have the misfortune of having dementia or other long term–care needs. For most people, long term–care assistance begins in the home, progresses to the assisted-living facility, and then eventually ends at a skilled nursing facility (nursing home).
In other words, Medicare pays only if you are expected to get better and go home! Many people are shocked to discover that the Medicare benefits they paid into for years will not pay for “skilled care” in a nursing home if that stay lasts longer than a few months.
Long term–care insurance could help, but the unfortunate reality is that very few people have a viable long term–care insurance policy. That means you are on your own to pay for the cost of care at home, in an assisted-living facility, or in a nursing home.
Because the cost is so high, most people who require that type of care will need the assistance of the hybrid federal/state Nursing Home Medicaid program.
Unlike Medicare, which is available to qualified individuals with no means-testing, Medicaid requires that the person needing care and their spouse meet strict limitations of income and assets means-testing by the state of their residence.
What will be left for the healthy spouse once their life savings has been spent taking care of the spouse who needs long-term care?
Understanding nursing home Medicaid benefits and eligibility for Illinois residents is challenging. You need a knowledgeable elder law attorney to guide you and your family and help you understand how to:
Please call us at (630) 585-5200 as soon as possible when something has changed in your life or in the life of someone you love.
We’ve been here for our clients for nearly 20 years, and we will continue to be here to help you and your family make sound decisions for life and legacy. We can help you avoid mistakes, save money, and take control!
“Everyone in the office was absolutely wonderful to work with whether on the initial set-up of the trust, adjustment to such following my father’s passing, or processing of his home sale and proceeds.
They genuinely care for your family’s well-being and walk you through each step of the process. They are also exceptionally responsive even when parties involved live in different locations.
This is a definitely a team you can trust and one I highly recommend.”
W.W., Client of Law Hesselbaum