The cost of a nursing home and how to pay for it A national survey by insurance company Genworth discovered that the median annual cost of a semiprivate nursing home is more than $80,000, with a private room costing more than $90,000 a year. To make matters worse, this cost is growing at over twice…

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Facing the inevitable (The following is a dramatization.) Mr. Johnson has two children, one of whom is looking for work and the other of whom is working two jobs to put his own children through college. Neither one of them can spare the time and money to take care of him. So he has a…

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Turning to Medicaid to pay the cost of a nursing home If there is any possibility that your parents will be moving into a nursing home over the next ten years, you will probably need help from someone who understands the laws surrounding Medicaid. According to a New York Times article, a national survey by…

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Medicaid law and nursing homes Imagine that you and your husband are trying to decide whether he will need to go into a nursing home or an assisted living situation in the next few years. It goes without saying that this decision should be made, as much as possible, based on the state of his…

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Plan more than five years ahead If you are considering the possibility of taking advantage of Medicaid at any point in the future — not in the next five years, but much further than that — you should ask a Medicaid attorney about the laws that govern eligibility for Medicaid. There are limits to the…

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