East Hanover New Jersey Elder Law Blog
Finding the right nursing home is important
Caretakers want to ensure their elderly loved ones are placed in good hands when they can no longer provide for themselves. When an older adult has their medical, social and emotional needs met, it can give them a smoother transition into the end stages of their life....
Tips for finding an experienced estate planner
While many Americans avoid estate planning, it’s a crucial part of financial planning for every family regardless of age or how much money they have. Estate plans include wills, trusts, power of attorney and health care directives as well as distributing assets after...
3 ways Medicaid helps seniors pay for health care costs
Medicaid is a joint federal and state program that, when combined with the Children’s Health Insurance Program (CHIP), provides health care coverage for nearly 73 million Americans. Most people associate Medicare with seniors, but more than 8.3 million people are...
Why asset preservation is so important: The basics
Navigating all the little rules and requirements for Medicaid can be frustrating. The one that can cause the most stress for many people, however, is the asset limit. As the American Council on Aging explains, each state can set an asset threshold for Medicaid...
Will Medicare cover any nursing home costs?
Once you hit eligibility for Medicare at age 65, you may think you’ve got it made and you don’t have to worry about saving for future long-term care costs. However, that’s not the case. First, in 2019, the average monthly cost for skilled nursing home care in New...
Can giving a gift affect Medicaid planning?
Many people in New Jersey who are in their elder years want to give their loved ones substantial gifts. This way, they can see their loved one enjoy what would be their inheritance. However, these people may also be planning on utilizing Medicaid benefits to pay for...
Don’t panic when a sudden medical crisis leads to a disability
While some people in New Jersey may be fortunate enough to make plans for long-term care while they are still in good health, many find themselves needing long-term care options only after a crisis occurs. For example, a person could unexpectedly suffer a stroke, or...
How common is the need for long-term care planning?
Some people in New Jersey plan carefully for the care they will need in their old age, but others may find their health has deteriorated quickly and they are in immediate need of services. According to the U.S. Department of Health and Human Services, on average a...
The costs of long-term care can be expensive
Young New Jersey residents in the throes of their careers and the midst of raising their children may not be able to see far enough into the future to a time when their lives are relaxed. The frenetic pace of everyday life can absorb individuals and cause them to lose...
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