Greensboro North Carolina Nursing Home Cost and Financial Assistance

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
How Seniors Can Use Life Insurance to Pay for Home Care

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 Rules to Protect the Healthy Spouse

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.”
My Parent Needs Care

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.

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Protect Your Ill Spouse and Your Savings

Jane paid $6,500 per month, month-after-month, while her husband Bob was in the nursing home. She spent over half of their retirement savings because that’s what the Medicaid Office told her to do. She came to see me and asked, “Had she spent enough? Was she going to have enough to live on?” If she’d… Read more

My Spouse or Parent Needs Care Now

When your loved one needs care now, you are in a crisis and need answers fast. To help put this into perspective, there are several key aspects to know about, as follows: What level of care will be needed? Where will they get that care? How much will it cost, and can they afford it… Read more

Medicaid Spend Down Checklist

There is a great deal of confusion regarding the spend down of assets for Medicaid qualification. For a single person, who can only keep $2,000 in countable assets in North Carolina, that individual may find him or herself wondering what the money can be spent on without causing any Medicaid disqualification. Similarly, for a married… Read more

When a Loved One Enters a Nursing Home

Deciding to place a spouse or parent into a nursing home may be one of the most difficult decisions someone may ever be asked to make. That’s why it’s important for families to know their options and the rules that apply and to get the right help. Facing this crisis, families are almost always under… Read more

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