Some States Move Forward with Nursing Home Profit Caps

When you make the decision to put a loved one in a nursing home, your entire family probably meets about this and discusses it at length. You want to make the right choice for their care needs and also balance that with the availability of funds to pay for their care. This is where it becomes important to work with an experienced and knowledgeable lawyer to determine your next steps with elder law and qualifying for Medicaid benefits in Virginia.

For most people, it will be difficult or impossible to pay for nursing home care without the support of Medicaid. But getting Medicaid is not automatic, either, and requires some careful advanced planning with the help of a lawyer.

November is National Alzheimer’s Disease Awareness Month, which means many family members are thinking about how to best support their loved ones who might need nursing home care. Massachusetts, New York and New Jersey have all established new requirements on how nursing homes are on funds. Massachusetts, for example, now requires that 75% of revenue for a nursing home be spent directly on patient care.

Both Massachusetts and New York also state that gross revenue includes funds received from Medicare, private payments from patients, and Medicaid. Part of the arguments to put these rules in place has been to provide patients in nursing homes with better care overall.

Concerns over building maintenance, neglect and other issues that put patient care at risk could leave residents at risk of serious injuries. For more support on creating an elder law plan aligned with your loved ones’ needs and financial planning, schedule a consultation with an elder lawyer.