Overview of How to Pay for Long Term Care (Part 2 of 2)

As we pointed out in the first part of this article, at a certain point in most people’s lives, they become concerned about paying for long term care. There are 5 basic ways to pay for long term care.  We discussed private pay, long term care insurance and Medicare in part one.  Now, we turn to Medi-Cal and Veterans Aid and Attendance. Medi-Cal Medi-Cal is a form of public assistance for families who meet specified income and asset requirements.  Eigible Californians use Medi-Cal to pay for long term care in a nursing home because they don’t have the personal resources and either can’t qualify for or can’t afford long term care insurance. Elder Law attorneys help people qualify for and apply for Medi-Cal benefits.  With the guidance of a qualified, experienced elder law attorney,  many assets can be protected; you don’t have to lose them all to the nursing home. Veterans Benefits A special Veterans Pension may be available to pay for long term care if you or y
http://www.norcalplanners.com/blog/elder-law/4-ways-pay-long-term-care-part-2-2-2/

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