Long-term care planning often brings to mind nursing home care, but that’s just one part of a well-rounded plan. At our office, we focus on helping individuals remain in their homes for as long and as safely as possible. If nursing home care becomes necessary, our goal is to protect as many assets as the law allows. Medicare only covers a limited number of days in a nursing home. If long-term care is needed, the cost can range from $5,000 to $13,000 per month. In Missouri, the average monthly cost is over $7,900. Even a short stay paid out-of-pocket can quickly drain assets that took a lifetime to build. The good news is that there are many strategies available to help protect those assets—even in a crisis, when the five-year Medicaid look-back period can no longer be avoided. The earlier you start planning, the more options you’ll have.  

Long-term care isn’t just about nursing homes or Medicaid. There are several options depending on your needs and finances:

-Home Health Care: Help with daily tasks or medical needs while staying in your own home. This can be part-time or full-time.

-Assisted Living: A community setting where you have your own space but can get help with meals, medication, and daily activities.

-Nursing Homes: For those who need 24/7 medical care and supervision.

-Adult Day Care: Day programs that offer care, meals, and activities while allowing caregivers a break.

-Private Pay Options: Some people choose to pay out-of-pocket or use long-term care insurance to cover costs.

-Medicaid Planning: If care becomes too expensive, planning ahead can help you qualify for Medicaid while protecting your assets.

Everyone’s situation is different, and we can help you explore your options and find the one that works best for you or your loved one.