Planning for Long-Term Care Costs: Protecting Your Assets and Your Family
Long-term care is one of the largest financial risks facing retirees today. The average cost of a private nursing home room can exceed $100,000 per year — and Original Medicare provides very limited coverage for it.
What Medicare Does & Doesn't Cover
Covered Short-Term
- Skilled nursing facility care (up to 100 days)
- Inpatient hospital stays
- Skilled home health care
Not Covered
- Custodial care (help with daily living)
- Long-term nursing home care
- Assisted living facilities
Why Early Planning Matters
The longer you wait, the fewer options you have. Waiting until a health event occurs can disqualify you from coverage or cause premiums to rise dramatically. Early planning also lets you:
- Protect your assets from being depleted by care costs
- Preserve your ability to pass wealth to the next generation
- Maintain your independence and choice of care settings
- Reduce the emotional and financial burden on your family
The Legal Advantage
As attorneys, we understand how long-term care costs interact with Medicaid planning, trusts, and estate strategy. We help you build a plan that legally protects your assets while ensuring you receive the care you need.
Common Planning Strategies
Traditional Long-Term Care Insurance
Pays a daily benefit for care received in a facility or at home.
Hybrid Life & LTC Policies
Combine life insurance with long-term care benefits, ensuring your money isn't "lost" if you never need care.
Asset Protection & Medicaid Planning
Legal strategies including trusts and spend-down planning to protect wealth while qualifying for assistance.
Build a Plan That Protects What You've Built
Don't leave your family's financial future to chance. Let us design a long-term care strategy that fits your unique situation.