Get Expert Tips From Elder Law Attorney Medicaid Genius
Real-World Examples and Data
According to the Genworth Cost of Care Survey, the median annual cost of a private room in a nursing home in the United States is over $100,0001. Without proper planning, these costs can quickly deplete a family's resources. An elder law attorney can help mitigate these expenses by structuring a plan that leverages Medicaid benefits.
Furthermore, the National Academy of Elder Law Attorneys (NAELA) emphasizes the importance of early planning. They report that proactive Medicaid planning can protect up to 100% of a couple's assets2. This underscores the value of engaging with a Medicaid genius well before the need arises.