In New York State, the annual cost of nursing home care ranges from approximately $90,000.00 to over $150,000.00, and it is climbing each year! That is approximately $240.00 to $410.00, per day. If you choose to stay at home, where most of us would prefer to be, and hire home health aides, the cost of your care could be even more. Home health care costs vary widely, but agencies charge anywhere from $18 to $30 per hour for home health aides. In some cases, people pay over $200,000 per year for 24 hour-a-day home care. What many people fail to realize is that their health insurance and Medicare will not cover the cost of long-term care, whether at home, in assisted living or in a nursing facility. Paying for long-term care is a personal responsibility, which has become a primary concern for all age groups across our state and the nation.
In this informative workshop, learn how to address the potential financial devastation a long-term care event can cause a family before a crisis occurs. You will learn how proactive planning through the use of various asset protection strategies can protect your assets and help you qualify for long term care benefits.