Long-Term Care
“Can’t I just put Mama’s assets in a trust and then apply for Medicaid?” We hear this question maybe weekly. Unfortunately for these families, qualifying for Medicaid is not that easy. Medicaid Asset Limits In Georgia, you cannot own more than $2,000 of countable assets to be eligible for nursing home Medicaid. For a thorough…
Read More To qualify for nursing home Medicaid, applicants must show that they have a limited amount of countable assets. These rules can be very confusing, and most families worry that their loved one cannot qualify for Medicaid. Currently, Georgia residents must have less than $2,000 in countable assets in order to qualify for nursing home Medicaid.…
Read More Medicaid is a means-tested, government-provided health insurance benefit. It is the largest payer of nursing home care in Georgia. It is also commonly misunderstood. For instance, many people believe that they may have too much income for Medicaid. It is true that Georgia has an income cap. For 2018, that income cap is $2,250. This…
Read More It is true that Medicaid is intended to be health insurance for the very poor. It is also true that Medicaid has become the default long-term care insurance payer for millions of middle class families. In the Metro Atlanta area, nursing home costs can run $10,000/month. With such high costs, it is no wonder that…
Read More Most families are shocked when they find out how difficult it can be to find a nursing home bed for their loved one in the Metro Atlanta area—much less a bed in the right nursing home. The Metro Atlanta area has a shortage of long-term care beds in nursing homes. Georgia requires that a nursing…
Read More The largest categories of American’s fastest-growing jobs offer some of the country’s lowest wages and weakest benefits. The Bureau of Labor Statistics reports an increase of 1.2 million jobs for home health and personal care aides over the next ten years. By 2026, the home health aide industry will add 425,600 positions, an increase…
Read More The graying of America is stretching local tax dollars. More often today, paramedics respond to emergency calls and find an older person who has fallen, broken a bone or suffered a heart attack. Another issue affecting elders is the increasing number of elder-abuse cases and crimes targeting senior citizens. Also, in some areas, greater…
Read More It may take two to three years for the Food and Drug Administration to establish safety, effectiveness and labeling standards, but the cost of hearing aids will eventually be much lower, around $300 or less per ear. This lowered cost is due to the F.D.A. Reauthorization Act of 2017 which became law in August…
Read More Findings of a new report, the Genworth 2017 Cost of Care Survey, was just released by Genworth Financial. The findings: the median annual cost of a private room in a nursing home is $97,455 ($8,121/month); a semi-private room is $85,775 per year ($7,148/month); a home health aide costs about $49,000 per year ($4,099/month) and that…
Read More Findings of a new report, the Genworth 2017 Cost of Care Survey, was just released by Genworth Financial. The findings: the median annual cost of a private room in a nursing home is $97,455 ($8,121/month); a semi-private room is $85,775 per year ($7,148/month); a home health aide costs about $49,000 per year ($4,099/month) and…
Read MoreSubscribe to our blog and monthly newsletter.
