The question of how to pay for long-term care expenses becomes important when an older person declines physically or mentally to the point where he or she needs care beyond what a family can give. Not everyone has the savings to pay for needed care and those who do have long-term care insurance coverage often find it is insufficient.
There are two programs that pay long-term care costs for individuals, and they both have resource and income limitations. The first is Arizona Long Term Care System (ALTCS, pronounced "All-Tex"), which is Arizona's version of the Medicaid program, and the second is the Veterans Aid & Attendance Pension. However, the VA A&A Pension is available only to veterans or the surviving spouses of veterans who served during specific periods of time that Congress has designated as war times. ALTCS, which is the long-term care division of the Arizona Health Care Cost Containment System (AHCCCS) covers nursing home care, assisted living, or day care for people who are in contracted facilities, or an eligible person may receive in-home care. The income and resource eligibility requirements for that program, while complex, also present planning opportunities.
We welcome inquiries from people of any age and in any state of health about ways to preserve assets while protecting a person's eligibility for ALTCS in case it is needed in the future. However, laws related to ALTCS eligibility change, both at the Federal and the State level, and what was once good advice may be obsolete now. This is also true with the VA A&A Pension program.
Schedule an appointment with a lawyer to get up-to-date answers on what you need to know about:
- Options for healthy spouses when Alzheimer's or other devastating health conditions come into the picture
- Ways to protect your assets without feeling a need to give them away to family members for the sake of Medicaid planning
- Strategies for preparing for the possibility of long-term care needs, taking into account assets, resources, income, health, family dynamics and necessary steps and documents relevant to your ultimate objective: Medicaid eligibility when it becomes vital
Attorney Catherine Leas can advise and assist you in planning for long-term care needs. Contact the law firm to discuss ways to maximize your options over time.