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:

  1. Protect the spouse who will remain at home from financial hardships and provide additional assets for the spouse in the nursing home;
  2. Protect business assets from being lost to nursing home costs;
  3. Protect parents and children from financial hardships; and
  4. 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.

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