The process for long term care and Medicaid is rapidly changing and may shift dramatically in the next several years. Approximately half of all states around the country are currently providing Medicaid long term care benefits through managed care and 13 additional states require older adults to receive care in that same manner. In addition, many elderly individuals who are struggling with healthcare issues prefer to receive care at home anyways.
Since Medicaid was first set up in 1965, the way that care has been delivered has changed significantly. Back at the time of Medicaid’s inception, nursing home was the primary way that individuals who were struggling with a long-term care problem received their benefits. However, many changes have taken place that now allow people to receive more care at home.
Aging in place is one primary goal for individuals who are looking forward to the future but need additional assistance in getting through the day. Struggling with activities of daily living and coping with the impacts of a long-term care event or a recent cognitive diagnosis may require a difficult conversation between family members about how a loved one will be cared for.
Consulting with an estate planning attorney to develop necessary healthcare and other power of attorney documents in addition to discussing long term goals and advanced Medicaid planning can be extremely beneficial. Do not hesitate to reach out to an experienced estate planning lawyer today to learn more.