Nursing home care will become a fact of life for many Georgia individuals. While this type of care may be necessary, it does come with a hefty price tag. In fact, the average nursing home charges in excess of $8,000 per month for each resident. For those who have been diligent in their Medicaid planning, this may not be devastating news; however, for those who will be required to pay this expense on their own, the consequences can be substantial.
Medicaid planning can help to protect assets
Care planning essential for special needs child
Families with a special needs child often go to great lengths to make sure that the child is properly taken care of. While some special needs children are able to function with little to no assistance, in many instances, the child requires ongoing care even as he or she reaches maturity. The Georgia family typically makes the necessary adjustments required for the child to be able to live up to his or her potential. Yet, one area in which many families struggle is in taking the necessary care planning steps to ensure the child's future.
Care planning may require identification of a guardian
The fact that one becomes ill or injured does not mean that bills do not have to be paid and other necessary items avoided. Yet, if the Georgia resident is ill or injured, he or she may be unable to take care of these necessary tasks and make these necessary decisions. In order to make sure that everything is taken care of, it may be necessary to consider the role of guardianship as one is establishing care planning documents and procedures.
Durable power of attorney part of care planning
As a Georgia parent ages, his or her adult children typically step in to help as needed. At times, this requires assistance with going to the grocery store, driving to doctor's appointments or even helping around the house. For some families, the assistance required is more intensive; as such, it may be necessary to take steps to make sure that care planning guidelines and directives have been put in place.
Creating estate plans to protect Medicaid benefit eligibility
When it comes to estate planning in the Atlanta area, many seniors do not realize that the federal government has programs like Medicaid to help protect them from becoming compromised at the end of their lives. They fail to consider how Medicaid benefits can help to reduce their out-of-pocket long-term care costs.
Care planning a necessity in case of Alzheimer's or dementia
The unfortunate reality for many Georgia residents is that either they or a loved will suffer from some form of dementia during the aging process. Studies show that Alzheimer's is an increasing problem for the aging population. In light of the problems associated with these illnesses and the probability of developing one, advanced care planning can be critical is meeting the individual's needs and desires.
