Long-Term Care Planning in Michigan
If your family is concerned about long-term care for an elderly parent or grandparent, it may help to know you have options to avoid assets being depleted by the cost of care.
If your family is concerned about long-term care for an elderly parent or grandparent, it may help to know you have options to avoid assets being depleted by the cost of care.
Collens Estate Law, is the elder law firm families throughout the Detroit metro area and southeastern Michigan have been coming to for more than 20 years to protect their financial assets from nursing home costs. We also proactively work to address the potential impact of Medicaid estate recovery.
In the United States, there are typically three ways to pay for nursing home and long-term care expenses:
For families with sufficient financial resources, nursing home care can be paid for directly; however, the cost of direct payment is often prohibitive and reduces private assets more quickly than many families realize.
This type of insurance covers much of the cost, but may not cover all expenses. In addition, long-term care insurance premiums can be prohibitively expensive if the policyholder doesn’t purchase the policy until late in life.
Seniors also have the legal option of receiving nursing home and long-term care through the government-run Medicaid program or through the Veterans Administration for qualifying veterans.
Serving seniors and their families in Wayne, Oakland, Macomb, Livingston, Monroe, Washtenaw, and St. Clair counties for more than 30 years.
