End-of-life care is something that everyone should be able to access with dignity. Unfortunately, the cost of residential facilities often exceeds what anyone is able to pay and is particularly impossible for elders who are on fixed incomes. With the cost of Florida nursing homes seemingly out of reach, you may be able to help your loved one qualify for Medicaid to help cover costs.
The monthly cost of a local nursing home can be as high as $10,000, which is even more expensive than the national average cost of about $96,000 annually. If your parent, grandparent or other loved family member is anything like the average person, they’ll likely wipe out their life’s savings in a matter of months. And that’s if the funds even last that long.
For patients whose assets do not exceed a certain level, Medicaid will cover all or at least most of those costs. Unfortunately, it’s not as easy as providing a list of assets and then receiving coverage. Medicaid is tightly regulated and follows strict rules, which means that even a minor mistake might completely disqualify you or a loved one from this life-changing coverage.
Enlisting help from an expert is usually the best assurance when seeking Medicaid coverage in Florida. Although it may be tempting to do so on your own, the possibility of losing out on coverage when faced with tens of thousands of dollars in nursing home fees can be overwhelming. Instead, consider the benefits of professional guidance through this difficult but rewarding process.