Southwest FL – Elder Law Attorney Lisa Goldstein, in a very detailed presentation at our April luncheon, informed the membership about many important details for obtaining both VA and Medicaid benefits when long term care is needed. Nationwide, about half of all Americans will spend time in a nursing home and the average annual cost is now $113,121, which makes planning for such an event imperative.
Lisa used a scenario in which a married couple requires Alzheimer’s care for one of the partners, and wants to prevent spending down all of their savings to illustrate the imperative of prior planning to preclude the possibility of not being able to use our VA and Medicaid benefit eligibility to the fullest. She described several planning techniques that would allow the couple to take advantage of the VA and Medicaid benefits they are entitled to without exhausting their lifetime savings and giving up their residence.
Eligibility for VA and Medicaid benefits are quite different, and to complicate matters further, the government is considering changes that may take effect next year. This reinforced her main point that consulting a lawyer familiar with these complications is highly recommended.
Lisa Goldstein’s practice is devoted to Medicaid Planning, Veteran’s Benefits Planning, wills, trusts, long term care planning, estate planning, and is accredited by the Veteran’s Administration. She extended an invitation to the membership to contact her with questions about long term care planning and can be reached at Lisa@LKGLawPA.com or (561) 267-2207. Although located on the other coast in Palm Beach, Lisa is in Sarasota on a monthly basis.
MOAS is the Sarasota Chapter of Military Officers Association of America. MOAA is the nation’s largest and most influential association of military officers with 390,000 members. It is an independent, nonprofit, politically nonpartisan organization. For more information visit, www.sarasotamoaa.com Are you a former military officer? Please come and join us at our monthly luncheon.