Long Term Care

How to Pay for Nursing Home Care in North Carolina

Paying for Nursing Home Care

One of the harsh realities of life is that if you live long enough, at some point you may need move into a long-term care facility, otherwise known as a “skilled nursing facility”. The cost of these facilities can be downright crippling to most families. At a typical cost of between $6,500 to $10,000 per month ($78,000 to $120,000 per year), a lifetime of savings can be lost in just a few short years at one of these facilities. As a result, one of the most common questions I get from potential clients and my trusted referral partners is simply […]

What is the Difference Between Medicare and Medicaid

Difference between medicare and medicaid

The differences between Medicare and Medicaid are confusing and complex. And this is coming from an estate planning attorney that has been dealing with these benefit programs for many years. At their core, both programs were developed to assist individuals who are unable to afford to pay for healthcare insurance on their own, either because they were too old (and thus their premiums were too expensive), or they didn’t earn enough money. Both Medicare and Medicaid were signed into law in 1965 as part of Lyndon Johnson’s “Great Society” vision to provide social justice to all Americans. Here is a […]