I always thought Medicare would pay for my
healthcare needs. That comment is what my staff hears most often.
It is a very common assumption. No, Medicare is really only for a short term stay in a
rehab facility. So I like to think of Medicare as short term care and Medicaid as the aid
to pay for long term care if your resources are not sufficient.
If the cost of long term care is too high, what can I do?
We recommend pre-planning so you can take advantage of legal tools that are available
and so that you can best empower yourself in case of the long term care need. Some of
the legal tools that we use are testamentary; special needs trust, house protector trust
to protect the family home, powerful powers of attorney to avoid the need for guardianship.
Generally the earlier we start planning, the more options you’ll find that you have.