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15 MYTHS REGARDING MEDICAID NURSING HOME BENEFITS IN MAINE
Provided by Skelton Law Office
“The Estate Planning and Elder Law Firm"
No one chooses to live in a nursing home. But some older Mainers eventually need care in a nursing home setting. For many, this means not only the loss of personal autonomy but also the depletion of all assets. That is because nursing home care can cost $80,000 per year or more. According to the Cost of Care Survey for 2006 conducted by Genworth Financial, the average rate in Maine is $197 (semi-private) and $219 (private) per day.
Elder law attorneys provide advice to individuals who want to preserve assets from long-term care costs. They offer legitimate strategies for hastening eligibility for Medicaid benefits to pay for care in nursing homes, in assisted living facilities, and at home. But Medicaid law is complex and became more complicated with the adoption of the Deficit Reduction Act on February 8, 2006. This article highlights some of those changes and dispels certain myths about the Medicaid program.
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Submitted by: Rufus
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