If you knew that you had an enormous expense that was awaiting you during your latter years, you would take it seriously and plan ahead. Yet, a very significant percentage of people will face just such an expense, and many of them do nothing to get ready for it.
The expense that we are referring to is the bill that you will be presented with if you require a stay in a nursing home. You may think that it is unlikely that you will ever need such care, but in fact most senior citizens will need long-term care at some point in time.
Should you be thinking that Medicare will pay for living assistance, you would do well to examine the facts. Medicare does not cover everything, and it will not pay for residence in a nursing home or assisted living facility.
There is a joint federal/state program called Medi-Cal that does pay for long-term care. However, you have to qualify financially and there are upper resource limits. Therefore, you have to plan ahead intelligently to position your resources in such a way as to be able to qualify for Medi-Cal while not losing too much in the process.
Given the intricacies involved in negotiating the program rules, expert advice is usually going to be needed. If you would like to discuss the possibility of obtaining Medi-Cal eligibility with a professional, simply take a moment to arrange for a consultation with a licensed and highly qualified San Jose elder law attorney.