Critical health conditions often strike older people. Sometimes, despite the best intentions of family, institutional care is needed. After finding a nice nursing home, it’s time start paying your nursing home bills.
About how much will it cost to live in a nursing home?
The amount varies based on the level of care you need and where you live. However, at-home care or an independent living facility will usually be less expensive than an assisted living facility.
In Alabama, nursing home care may range from about $70,000 to more than $90,000. Of course, there may be additional out-of-pocket medical costs.
How is the average person supposed to pay that much?
It’s not easy. Making long-term care planning part of your estate plan is one of the best ways to address the high cost of long-term care.
I’m not rich. How can I pay my nursing home bill?
Some people use their nest eggs, retirement accounts, and proceeds from reverse mortgages to pay for long-term nursing care. Those funds may quickly be depleted if 24/7 care is needed.
Others use health insurance, long-term care insurance, or employer-sponsored disability plans to defray their medical costs. Some insurance policies, though, will not cover nursing home bills.
Many people turn to public benefits like Medicare, Medicaid, or Veterans Assistance.
Medicare, however, does not pay for long-term nursing care. Benefits are limited to short-term care for illnesses or injuries. An individual with a condition like Alzheimer’s may not be eligible for benefits.
Medicaid, a federal program administered by individual states, is the largest single payer for nursing home care. Applying for Medicaid can be tedious and complicated, and not everyone will be considered eligible for benefits. Seek the assistance of an attorney who knows how to handle Medicaid eligibility problems.
Veterans and their spouses may be eligible for VA benefits, including the Aid and Attendance program. Applying for Aid and Attendance benefits takes time, but this program could defray hefty nursing home bills.
Learn more about paying for long-term care.
The attorneys at Adams Miller, LLP can help you assess your needs and develop the right plan to meet those needs.
For a free consultation, contact us at 256-251-2137 or use our convenient Contact Form. We have offices in Anniston and Birmingham, but also assist clients in the Gadsden, Hoover, Talladega, Vestavia Hills, and surrounding areas.