The decision to place a loved one in a nursing home can be sudden. The person’s condition may have declined to the point that they immediately need nursing home support, or they may have suffered in a recent accident or injury that leaves them no option but to recover inside a nursing home.
In these difficult circumstances, it can be even more challenging to think about the possibility of qualifying for government funded nursing home assistance. This is handled through the Virginia Medicaid program, but it is important to understand the qualification requirements, such as income limits. Nursing homes can be extremely expensive, with the average daily cost of private rooms inside them being nearly $300 in Virginia.
Even though home health care services and assisted living facilities might be slightly more affordable, they are still expensive. Neither Medicare nor most private health insurance companies will cover stays in nursing homes and very few people purchase long term care insurance policies that would help pay for coverage. Medicaid, therefore, is a very common source for paying for long term care, especially when someone has already exhausted their own assets to pay for care.
Across the country, around 70% of nursing home residents use Medicaid to pay for that coverage. Working with an experienced and qualified Virginia Beach Medicaid planning lawyer can assist you with the process of planning ahead for time in a nursing home. Do not hesitate to consult with a qualified lawyer as soon as you can about your future.