With nursing homes often costing more than $7,500, people facing a nursing home stay, as well as their families, are often lost as to how to pay. Few people have the savings or the insurance to cover the high cost of nursing home care. And even if they do, few want a nursing home stay to wipe out their entire savings, leaving nothing for their family.
With careful and proper planning, families can obtain Medicaid benefits to pay part of the cost while preserving a large amount of their assets. George Lovett has spoken and written extensively on medicaid and nursing home planning, helping families and informing nursing home administrators and lawyers.
Mr. Lovett’s article, found below, can address the wide range of questions that families often have regarding medicaid and nursing home planning. Please click the link below to read this article and learn the basics of Medicaid, nursing home planning techniques, and how you can pay for nursing home care.