Elder Law incorporates a wide range of practice areas, including Medicaid planning, long-term care planning, asset protection, estate planning and more. Our attorneys have many years experience in all of these areas and are committed to helping seniors and their families manage the changes that accompany growing older. In particular, we help families manage the high cost of long-term care.
Managing the Cost of Care
How much does long-term care cost in Oklahoma? Consider the following statistics:
- The median cost of a private room in an Oklahoma nursing home was over $63,500 per year in 2018
- Long-term care costs considerably more in certain situations, and costs are expected to rise dramatically in the future
- Many families exhaust their savings within two years of a family member entering a nursing home
Fortunately, we can help you plan in advance for the possibility of needing long-term care in the future. We can also help you qualify for assistance from Medicaid and other sources to obtain the care you need while simultaneously preserving your life savings. We can even protect your assets if you are already in a nursing home or must enter one soon.
Long-Term Care Planning
Long-term care planning is for people who are healthy now but want to make sure that if they eventually become incapacitated they will be able to obtain the care they need without exhausting their life savings. We can design and implement a plan that lets you protect your assets and manage your financial and personal affairs in the event of disability or incapacity. With such a plan in place you and your loved ones will likely enjoy the peace of mind that comes from knowing you will receive the care you need if you become seriously ill or incapacitated in the future.
Coping with a "Medicaid Crisis"
A Medicaid crisis is a situation in which an individual has already entered a nursing home—or must enter one very soon—and been informed that he or she has too many assets to qualify for Medicaid assistance. As you can imagine, discovering that you have to pay over $63,000 a year for nursing home care leads to a financial crisis for many families. If you have been given news like this, please, do not panic. Information provided by nursing home intake staff, social workers and even Medicaid employees is quite often outdated or inaccurate. The laws governing Medicaid eligibility are complicated and change from one year to the next. Few people understand them. We do.
If you or a person you love is facing a Medicaid crisis, we invite you to contact us as soon as possible. Our Oklahoma Medicaid planning attorneys know how to obtain the care you need while protecting your life savings.