If you are one of the many baby boomers approaching retirement age, you may want to sit down and discuss things with a licensed elder care attorney. These attorneys focus on the issues of our day that are particularly relevant to senior citizens.
When you do not know all of the facts, it may seem as though a basic foundation will be waiting for you when you reach the age of retirement. Social Security will provide a source of ongoing income, and Medicare will cover all of your health care needs, right?
In reality, Social Security benefits are relatively modest, and you should certainly know what to expect when you are creating your retirement budget. You can visit the Social Security Administration website to get an estimate of your benefit.
When it comes to Medicare, you should understand the fact that there are out-of-pocket expenses that you must pay for services that are covered. These would include co-payments, deductibles, and monthly premiums.
The big void in the Medicare program is the lack of long-term care coverage. Most of the senior citizens in the United States will need help with their day-to-day needs at some point in time, and it is not easy to pay out-of-pocket.
We practice law in California, and in our state, the average annual cost for nursing home care is $93,491.10 in 2014 according to the California Health Advocates website.
Now that you understand some facts about long-term care, you can see why you may want to start looking for solutions.
Elder care attorneys assist clients who are concerned about long-term care costs. For many, the solution is Medi-Cal. This program will pay for long-term care, but there are income and asset limits for seniors. As a result, if you want to obtain eligibility, you have to position your assets in an informed manner to protect them for the benefit of your loved ones.
Elder Care Attorney Fees
The exact way that an elder care attorney will charge is a matter of preference. Some attorneys will charge for services rendered, and others will charge by the hour. The hourly charges could be itemized based on the respective hourly rates for the professionals who handled each individual task.
Incidental expenses could also be added.
When you work with an elder care attorney, you are making a relatively modest investment so that you can save a great deal of money in the long run.
Elder Care Consultation
We can help if you are concerned about future long-term care costs. Our firm is dedicated to the interests of senior citizens, and we offer free consultations. You can visit our contact page to set up an appointment: San Jose CA Elder Care Attorneys. We also regularly offer free Medi-Cal Planning workshops. For more information, follow this link: Free Workshops and Seminars.