Maybe you’re already in danger. Every day people in our area lose their homes because a catastrophic illness hits their family, and they can’t afford to pay the nursing home. If your spouse or loved one suffers a stroke, develops dementia, or is simply unsafe alone at home, you could lose everything to the cost Read more
A life settlement is the sale of an insurance policy to an institutional investor for more than its cash surrender value but less than its net death benefit. This can be extremely helpful for seniors to get needed cash from unneeded or unwanted life insurance policies, instead of simply letting the policies lapse. Even term life Read more
Medicaid law includes special protection for the spouse of a North Carolina Medicaid applicant. But don’t rely on the Medicaid Office to tell you how to apply these rules to your full advantage.
The purpose of these rules is provide the spouse at home with income and assets in order to continue to live in the community. In Medicaid, the spouse at home is called the “community spouse” and the spouse in the nursing home is the “institutionalized spouse.”
When your parent can no longer live at home without additional help, here are some steps to take. You are probably feeling overwhelmed but there is hope to navigate through the often confusing options for senior care. The first step is, to assess your situation as discussed below. Then take action. What type of care Read more
When you or a loved one is in a nursing home or soon may be, how will you pay for care? With nursing home costs averaging over $75,000 per year in North Carolina (higher in many cases), people worry about going broke in a nursing home. Fortunately, by understanding how the rules work for Medicaid eligibility and when to apply for medical assistance can protect you, your loved ones and your assets. This Medicaid Application Resource Center is designed to answer questions about important steps to take when you’re facing a Medicaid crisis in a nursing home or assisted living.