Charles N. Doberneck

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Planning For Nursing Home Or In-Home Care Costs

Posted on June 1, 2014 at 9:35 PM

There are a number of methods of providing for in-home care or nursing home care for persons who cannot be properly cared for in their homes, including:

  • Payment by you or your family members from personal income or assets;
  • Medicaid assistance for people with low income and limited assets;
  • VA nursing home care for honorably discharged veterans;
  • Accelerated benefits from your life insurance policy or loans against cash value of policies;
  • Income o...
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Personal Care Contracts And Medicaid

Posted on May 13, 2014 at 12:25 AM

Many children provide full or part-time care for their elderly parents—sometimes for years—so that the parents can remain in their home as long as possible. But at some point a child or other caregiver may no longer be able to provide the level of care that is needed, and nursing home care may become necessary. The average cost of nursing home care in Indiana in 2014 is $5,500.00 per month. How will a parent pay for nursing home care? Medicare does ...

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Protecting Medicaid Eligibility For A Disabled Relative By Creating A Special Needs Trust

Posted on April 19, 2014 at 4:20 PM

Spouses or parents typically create estate plans that leave property to the surviving spouse or a surviving child with no strings attached.  That is reasonable and works fine in most cases.  However, doing so when a spouse or child is disabled or in a nursing home, or when it is probable that a spouse or child will require nursing home care, could render the spouse or child ineligible for Medicaid assistance to cover the substantial cost of nursing home ca...

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