The cost of long-term care for disabled persons continues to rise.  We recognize that many of our clients are concerned about how they will be able to withstand the financial impact of long-term disability without completely exhausting their life savings.  Most people have been told that in order to receive Medicaid assistance with long-term care, they will have to give away or spend themselves into poverty.  Those statements are most often made by people (even some attorneys) who don’t understand the complexities of Medicaid law and the requirements to qualify.

The math involving long-term care is eye-opening.  If you or your spouse need full-time residential care, the cost can easily exceed $6,000 per month.  Adding a $72,000 expense to a household budget is not something most of us are equipped to do.

To generate $72,000 a year from investment income, for example, would required at least $1.8 million in investable assets generating at least a 4% return.  For those who have less than $1.8 million in stocks, bonds, or mutual funds, self-paying for long-term care may not be realistic.

Medicaid law and the accompanying regulations are complex, but we work with clients every day to protect assets that may otherwise be at risk from being depleted by the cost of long-term nursing care.

To learn more, please call 817.500.0155 or Click Here to schedule an Initial Meeting and let us analyze what you have at risk and the percentage of your assets we can actually protect from the cost of any future disability.