Gray’s Nursing Home

There are a few different things you can do with your property to avoid having it seized by Medicaid. One option is to put your home into an irrevocable trust, which legally protects your property from Medicaid. You may also be able to protect your property by forming a life estate or gifting it to someone. However, there can be complicated tax ramifications to these actions, so it’s best to talk to a lawyer before doing so.

If you are paying your nursing home costs with savings or long-term care insurance, you won’t have to worry about losing your assets. However, if you are using Medicaid to pay for your nursing home costs, you may have to forfeit your assets in order to qualify for coverage. This is because Medicaid is only available to individuals who fall under a certain income limit.

Medicare does not cover the full cost of staying in a nursing home. Medicare does cover the first 100 days in any skilled nursing facility, but after that point you will need to rely on savings, long-term care insurance, Medicaid, or another solution to pay your nursing home expenses.

If you encounter a problem at a nursing home, the first step is to talk to the staff about reporting procedures. Many facilities have social workers or other professionals on hand specifically to deal with problems that may arise. The facility should also have a procedure in place to report problems internally. If the problem isn’t solved, you can report the nursing home to a state office or advocacy group. Your state’s department of health should have information available about how to report a nursing home.

• Medicare provides some coverage for nursing facilities, but you will still be left with out-of-pocket expenses. Medicare covers 100 days at a skilled nursing facility per benefit period. In some cases, Medicare can also cover 35 hours per week of home health services.
• Medicaid assistance levels differ between states. Veterans and their spouses may also be eligible for extended assistance benefits – veterans themselves may qualify for as much as $1,794 per month in assistance for nursing home costs.
• Many people choose to pay their nursing home fees with long-term care insurance. Long-term care insurance is designed to cover nursing homes, assisted living, and other ongoing healthcare needs. Some types of life insurance also provide a way to access your death benefit to pay for long-term medical coverage as needed.