Once again on the podcast we discuss two important issues. The first is the thought process behind selecting a long term care living alternative – staying home or moving into a long term care community such as an assisted living facility, nursing home or continuing care retirement community. The second is four more secrets nursing homes might not want you to know including (1) in New Jersey no one has to guarantee your payment to the assisted living but the admission contract is crucially important; (2) the Medicaid five year look back; (3) the basics of the Medicaid spend down; and (4) what are Medicaid penalties.
***Note: Here comes the disclaimer… While I am an attorney in New Jersey (Price & Price Elder Law in Haddonfield, NJ), the information on this podcast is not meant to be legal advice. It is information meant to educate you about the issues that exist and the fact there are solutions available. Any questions pertaining to your loved one’s situation should be directed to an elder law attorney of your choosing. That attorney can provide you with help and guidance with any legal matters you might encounter caring for your loved one.
Our quote is: “Faith is taking the first step even when you can’t see the whole staircase.” -Martin Luther King, Jr. This quote perfectly describes the caregiving process. Being a caregiver is an act of faith – you don’t always know where the path will go but you are always willing to take the next step.
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Until next week I wish you all the best!