The reality of long-term care costs

The US Department of Health and Human Services estimates almost a 70% chance that either you or your spouse will need long term care services after age 65. The average length of long-term care for an individual is three years. Dementia, Alzheimers, and other diseases affecting mental capacity are also becoming more prevalent and more expensive now that we are living longer. 

For those reasons, Attorney Mark Skandier has come to recognize that long-term care costs represent an enormous threat to family wealth–for many families, a bigger threat than any estate tax. The average cost of a nursing home in Massachusetts is over $12,500 per month (or $150,000 per year). With an average stay of three years, $450,000 of family wealth may be spent on nursing home costs. If both spouses end up requiring care the costs are outright tragic.

Attorney Skandier is well-equipped to help you and your parents plan to avoid those costs to the fullest extent possible. If you plan ahead, you and your family can use the law to your advantage, and protect your wealth from the potentially devastating costs of long term care.

Planning ahead for the costs of long term care

Attorney Skandier is up to date on the latest rules and regulations affecting Medicaid Qualification. The government has created road maps for those wishing to avoid the costs of long-term care. If you are interested in planning ahead for long-term care, you may end up saving hundreds of thousands of dollars which will be passed to your family instead of paid to a long-term care provider.

Crisis planning
for medicaid qualification and long-term care

MassHealth administers the Medicaid Program in Massachusetts, and provides options for you and your loved ones. If you or your loved ones did not plan ahead, Attorney Skandier’s Medicaid crisis planning strategies can help you find the best-suited long-term care for you and/or your loved one. Whether you favor at-home care or a nursing home, Attorney Skandier can help you preserve as much wealth as possible, and can relieve the stress associated with financial and legal matters during difficult times.