Tag: attorney

How to Save the Money Your Parents Worked For

Long-term care is not cheap.  In fact, it is down-right expensive.  The average annual cost of a nursing home room in the Cleveland Metropolitan area is $73,912.50.  Moreover, betting that your parents will not need long-term care is a gamble that your parents will certainly lose.  Seventy Percent (70%) of people over age 65 will need long term care during their lifetimes and no, Medicare won’t pay for it. Medicare doesn’t cover long-term care costs.  Even if a number of criteria are met Medicare only covers the cost of a skilled nursing facility for up to 20 days, with the possibility… Read the rest