The decision to go to, or to place a loved one, in a nursing home is an unpleasant one, and one we hope you never have to make. It can be a devastating event – not only emotionally – but also financially. Nursing Home costs today are extraordinary – often exceeding $100,000.00 per year, and the cost continues to increase at an astonishing rate. Other than for a brief period of Medicare coverage, nursing home costs are rarely reimbursed, leaving our private resources and assets as the only source of payment. Life savings can be rapidly depleted, leaving loved ones financially strapped and our estates, that we have worked a lifetime to build, depleted.
There is an alternative, however, to using your hard earned savings. The law provides for an option to cover a majority of the costs of a nursing home stay. Medicaid – a federal, state and locally funded program, will pay nursing home costs, provided the applicant meets certain federal and state eligibility requirements.
Our firm can assist you in qualifying for Medicaid coverage pursuant to federal and New York State law while, at the same time, protecting your hard earned assets for your loved ones.
Bosman & Associates, PLLC has specialized in trust and estate planning, estate administration, medicaid representation and Elder Law for over twenty years. Our staff has the experience, legal expertise, and commitment that can provide you with quality estate planning and legal representation that is personal, comprehensive and focused on your individual needs.
We hope that we can be of service to you and your family.
Bosman & Associates, PLLC
Thursday, January 14, 2010
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