As long term care costs continue to rise, the challenge quickly becomes how to pay for these services. Many people cannot afford to pay $5,500 per month or more for the cost of nursing home care in California. The result is that a life savings can be wiped out quickly.
Fortunately, the Achtel Law Firm, APC is here to help. With proper Medi-Cal planning, an elder may be able to save most of his or her assets. In fact, in our lifetime, MediCal has become the long term care insurance of the middle class. However, the process of qualifying for Medi-Cal without having to forfeit all of applicant’s assets is sophisticated process that requires careful planning.
The reasons for Medi-Cal planning are simple. First, it is important to provide enough assets for the security of your love ones. Second, the rules are extremely sophisticated and confusing. Without proper planning or advice, many people waste thousands, if not hundreds of thousands of dollars that could have been avoided with proper planning. As a result a family’s security can be put in jeopardy.