Did you know that 70% of people over the age of 65 will require long-term care at some point in their lives? The cost of care can be overwhelming, with the average cost of nursing home care in New York exceeding $175,000 per year. Without a proper plan, these expenses could quickly deplete your savings and put your family’s financial security at risk.
As healthcare costs rise, many families are faced with the reality that their loved ones will need extended care. Whether it’s in-home assistance, or nursing home care, the costs add up quickly.
Without proper planning, these costs can devastate your financial future, leaving your loved ones to make difficult decisions.
*What New York State believes a nursing home costs in 2024 New York City (psst, we think its more like $15,000- $22,000 a month!)
** According to a Genworth Study
There are three ways to pay these costs:
Medicaid is a government program that can help cover the cost of long-term care, but qualifying for benefits isn’t easy. Strict income and asset requirements, combined with complex rules, can leave families unsure of how to proceed. This is where we come in.
At Miller & Miller Law Group, we assist in Medicaid planning and Elder Law. Our goal is to help you:
A client and her family came to us 5 years before their mother was admitted to a nursing home. We were able to help them create a Medicaid Asset Protection Trust, ensuring the family home was protected while still qualifying for Medicaid. After their mother went into a nursing home, Medicaid paid $342,000 toward the cost of her care. The family paid $0 for the nursing home and that $342,000 went to the family instead of the nursing home.
Experience You Can Trust:
We focus on Elder Law and Medicaid planning with a deep understanding of the challenges families face. We have been named the Best Elder Law Firm in Brooklyn, Super Lawyers, and Best Lawyers.
Compassionate Guidance:
We treat every client like family, ensuring that your needs are met with care and respect.
Proven Success:
Our strategies have helped countless families in Brooklyn and beyond protect their assets and secure Medicaid benefits.
Don’t wait until it’s too late. Contact us to schedule your consultation and learn how we can help you protect your assets and secure your long-term care.