Cost of Long-Term Care 

  • What is the average annual cost of nursing home care in Rhode Island?  Over $109,356                                                                                   
  • Does Medicare cover the costs of skilled long-term nursing care beyond 100 days? No, it doesn’t

Long-Term Care Insurance is very expensive and may not fully cover your needs and not everyone qualifies.

Cost of Long Term Care

Benefits of Planning Ahead

Don’t lose all the assets you’ve worked hard to accumulate over your lifetime on long-term care; a Medicaid Qualifying Trust can help you preserve your home and your assets.

You can preserve your assets for your spouse or future generations by transferring them into a Medicaid Qualifying Trust at least five (5) years prior to the need for long-term skilled nursing care.

You will be able to fully enjoy your life and assets now while having the peace of mind that comes with being fully prepared for the potential need of costly care in the future.

Plan Ahead

Emergency Planning

  • While it is best to prepare as early as possible, there are plenty of solutions for people who do not have five years to plan ahead for their long-term care costs.
  • There are several exceptions to the Medicaid asset transfer rules, and there are other ways that we can help you protect your assets before entering into private long-term care or applying for Medicaid.

 

Start Protecting Your Assets

Matthew-Leonard

Hi, I’m attorney Matt Leonard. Do we need to talk?

        • Are you concerned with spending your entire life savings on nursing home and medical bills?
        • Do you want to ensure you pass to your family the maximum amount of assets you earned in your lifetime?
        • Are minimizing costs and easing the burden of transferring assets after you pass something you are concerned with?
        • Do you want to make sure your family and doctors understand what your final wishes are for your care and life prolonging decisions?
        • Do you need to APPLY FOR MEDICAID Benefits for you or a loved one?

If you answered YES to any of the above. Schedule a time to meet with me and discuss your Estate Plan and goal ways to protect your assets. There will be no cost for this initial consultation unless you choose to pursue planning.

Recent Posts / View All Posts

9 Estate Planning Terms You Need To Know

| News | No Comments

Estate Planning Terms No one likes to think about one’s own death. However, planning ahead can help your family avoid unnecessary complications, delay, and expense. This may be done through…

Enhanced Assisted Living Program (SSI)

| News | No Comments

State (Non-Medicaid) Enhanced Assisted Living Program The Supplemental Security Income (SSI) Enhanced Assisted Living Program is a state and federal program for adults over age 65 and adults with disabilities….

Reaction to R.I.’s $9.6B budget proposal: Bad for nursing homes; some good news for kids

| Uncategorized | No Comments

PROVIDENCE, R.I. — The proposed $9.6 billion state budget headed for a House vote later this week has elicited both sighs of relief – and groans – since its piece-by-piece…

What are the Trustee’s Duties?

| News | No Comments

The Trustee’s Duties Congratulations. You have been appointed trustee of a trust. That is a strong vote of confidence in your judgment and probity. Unfortunately, it is also a major…

Auditor’s report depicts disarray in R.I. social service programs

| News | No Comments

The report issued on the roll-out of the computer system shows continued problems The Rhode Island Department of Human Services (“DHS”) which administers the Medicaid program has been attempting to…

Caretaker child exception can protect residence of Medicaid recipient

| News | No Comments

Caretaker Child and Medicaid Qualification Children are often confronted with difficult decisions when time and age catch up with their parents. Many children have been pushed into the role of…

Have a question? Contact us today: