Don’t Go Broke in The Nursing Home
Did you know the cost of nursing home care in Oklahoma is $5,000 to $6,000 per month, per person? The prescription medications per person for persons in a nursing home is $500 to $1,000 per month. The total cost of long-term care can easily cost from $60,000 to $80,000 per person.
There are legal ways to qualify for Medicaid benefits for you or your parents without being broke. In order to qualify you have to design and implement a Medicaid plan.
A properly designed Medicaid plan can:
- Protect the spouse who will remain at home from financial hardships and provide additional assets for the spouse in the nursing home;
- Protect business assets from being lost to nursing home costs;
- Protect parents and children from financial hardships; and
- Allow you to pass some of the assets you have worked so hard for to your children and grandchildren.
Please contact us if you would like a free consultation on how you can design and implement a Medicaid plan.