THE COST OF LONG TERM NURSING HOME CARE NOW AVERAGES OVER $7700 PER MONTH IN COLORADO.
70% of people over the age of 65 will need some type of long-term care (i.e. nursing home, assisted living, or in-home services) at some point in their lives, but only 3% of Americans have long-term care insurance. Medicare and standard health insurance cover little or none of the cost of long-term care. Most persons must rely on personal assets and, when our personal assets run out, Medicaid.
Solem, Harris & McKinley, P.C. offers consultation and planning for long-term care and Medicaid. For 30 years, we have consulted with both lawyers and our clients on the following topics:
- Medicare and/or Medicaid
- Asset Protection
- Spousal Protection
- Planning Tools/Options
- Countable vs. Exempt Assests
- Understanding Medicaid Rules & Regulations
- Medicaid Applications
- Medicaid Appeals