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Long Term Care Planning
www.rbournelaw.com
Long-Term Care
The need for Long-Term Care can put all of your retirement planning at risk.
According to the U.S. Department of Health and Human Services “at least 70 percent of people over age 65 will require some long-term care services at some point in their lives” Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need. Medicare covers only 20 days of nursing home care, and then only if a number of conditions are met. Medicare Supplement Insurance can cover up to 80 days more, but again, only if approved.
Having a Plan for Long-Term Care means:
Ø Maintaining your independence
Ø Having the Freedom to choose your care and the setting for that care
Ø Protecting the lifestyle of your spouse
Ø Not having to go to your children for help
Ø Protecting your assets
Ø Leaving a legacy, not just debts to your family
What is Long-Term Care?
Long-Term Care involves a range of services for individuals needing assistance with daily living or dealing with chronic health conditions.
Long-Term Care is offered in a variety of settings:
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In your Home
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In Adult Day Care Facilities
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In Assisted Living Facilities
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In Nursing Homes
The amount of assistance and level of care needed with determine the correct setting.
According to the U.S. Department of Health and Human Services the average costs in the United States (in 2008) are:
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$187/day for a semi-private room in a nursing home
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$209/day for a private room in a nursing home
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$3,008/month for care in an Assisted Living Facility (for a one-bedroom unit)
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$29/hour for a Home Health Aide
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$18/hour for a Homemaker services
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$59/day for care in an Adult Day Health Care Center
For additional information please call us. We can advise you on methods of Planning for Long Term Care as well as preparing important documents that you will need such as:
Ø A Trust to manage your financial affairs if you are disabled
Ø Durable Power of Attorney
Ø Durable Power of Attorney for Health Care and
Ø Authorization to Release Medical Information
For additional information on Long-Term Care go to the U.S. Department of Health and Human Services web site: www.longtermcare.gov
Robert E. Bourne, P.C.
Attorneys at Law
412 Ashman, Midland, MI 48640
(989) 835-6511 Fax (989)-835-6521
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Robert E. Bourne assists clients with Elder Law, Medicaid, Estate Planning, Trusts, Wills, Powers of Attorney, Charitable Planning, Probate & Estate Administration, Tax Planning, Business Law, Entity Formation, and Succession Planning by meeting with our clients in Midland, Saginaw, Bay City, Flint, Traverse City, Lansing, Ann Arbor as well as all Michigan counties: Alcona, Alger, Allegan, Alpena, Antrim, Arenac, Baraga, Barry, Bay, Benzie, Berrien, Branch, Calhoun, Cass, Charlevoix, Cheboygan, Chippewa, Clare, Clinton ,Crawford Delta, Dickinson, Eaton, Emmet, Genesee, Gladwin, Gogebic, Grand Traverse, Gratiot, Hillsdale, Houghton, Huron, Ingham, Ionia, Iosco, Iron, Isabella, Jackson, Kalamazoo, Kalkaska, Kent, Keweenaw, Lake, Lapeer, Leelanau, Lenawee, Livingston, Luce, Mackinac, Macomb, Manistee, Marquette, Mason, Mecosta, Menominee, Midland, Missaukee, Monroe, Montcalm, Montmorency, Muskegon, Newaygo, Oakland, Oceana, Ogemaw, Ontonagon, Osceola, Oscoda, Otsego, Ottawa, Presque Isle, Roscommon, Saginaw, Sanilac, Schoolcraft, Shiawassee, St. Clair, St. Joseph, Tuscola, Van Buren, Washtenaw, Wayne, Wexford counties.
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