Your long-term care can be paid in the following manner: with private funds, through long-term care insurance, utilizing a Medicaid Program or Veteran’s Administrations Aid and Attendance Program, or a combination of the above.
Nursing homes generally cost anywhere between $10,000 - $12,000 monthly. Assisted Living facility can generally range between $3,500 - $7,000 a month. Home health care provided by a certified nursing assistant typically costs $15-$25 per hour.
Learning about your Long-Term Care Planning options SOONER rather than later is always best. The sooner you are educated and possibly commence a Long-Term Care Plan the more options you will have. The federal and state laws are constantly changing. Having an experienced attorney is essential to making sound and informed decisions when formulating a Long-Term Care Plan.
