Long-Term Care Planning

How much does long-term care cost?

Currently, the cost of long-term care in a skilled-care facility in Northern Kentucky ranges between $9,500.00 to $12,000.00 monthly. Even a short stay in such a facility can have a major adverse impact on your financial well-being.

Who will pay for the cost of long-term care?

Frequently, an individual or family believes that (1) Medicare, (2) their health insurance, or (3) their disability insurance will pay this expense. The reality is that NONE of these is a source of payment, except if an individual is admitted to the facility after a "qualified stay" in a hospital and the individual requires "qualified medical care". In such an instance, Medicare benefits could be available, but only up to a maximum of 100 days, with a co-pay after the first 20 days and with payment only continuing as long as the person is receiving qualified medical care (usually a type of therapy) and exhibiting some benefit from said therapy.

What can Darpel Elder Law do to assist you with regard to paying for long-term care?

We can develop a plan to enable you or your loved one to become eligible for Medicaid benefits to assist in paying the facility so that you and/or your family do not have to bear this enormous expense.

We assist individuals and families with both:

• Pre-planning (the need for long-term care is not imminent) and
• Crisis planning (you or your loved one are in a skilled-care facility or placement is imminent)