Elder Law Long-Term Care / Medicaid Planning
The Cost Of Long-Term Care In Idaho
Your doctor tells you life altering news, "You need Long Term Care and Medicare won't pay for it." You must either pay out-of-pocket or be broke to qualify for government assistance. The average cost of long-term care in Idaho is nearly $10,000 per month.
Giving away your assets to qualify for government help can actually disqualify you for the government assistance you seek.
Idaho Law Group can help you navigate the complex asset protection the rules and laws to qualify for Medicaid while preserving a portion of your assets you are legally allowed to protect.
Will I Need Long Term Care?
The current average monthly cost of staying in a Long Term Care facility in Idaho was $9,943.51 in 2024. However, the cost of Long Term Care keeps rising more than the rate of inflation.
Almost a 70% chance. If you are turning 65 today, you have nearly a 70% chance of needing some type of Long Term Care services and support in your remaining years. (U.S. Department of Health and Human Services);
53% of all women. Greater than half of all women will require Long Term Care in their lifetimes. (AARP Public Policy Institute)
47% of all men. Almost half of all men will require Long Term Care in their lifetimes. (AARP Public Policy Institute)
20% longer than 5 years. On average, women are in Long Term Care for 3.7 years while men only remain in care for 2.2 years. However, of those receiving care, 20% need care for longer than five years. (LongTermCare.gov – 2018)
Will Medicare Pay for Long Term Care?
People over the age of 60 rely on Medicare to cover most of their medical expenses. However, Medicare will not cover Long Term Care.
What happens if you are discharged from a hospital to a Long Term Care or Rehabilitation facility?
Limit On Time –
Medicare will cover "skilled" services or rehabilitation in a facility if the patient is making progress
- Maximum of 100 days – Even if a person receiving rehabilitation services is still progressing, the maximum amount of time Medicare will pay for care is 100 days.
- Average of 22 days – Medicare coverage ends when the patient has either fully recovered or is no longer showing improvement. On average, Medicare typically authorizes payment for a maximum of 22 days.
Limit On Services –
Medicare does not pay for non-skilled assistance with "Activities of Daily Living" (ADL). Assistance with activities of daily living make up the bulk of the services received in a facility. ADLs not covered by Medicare include:
- Transferring – Help getting into our out of bed or a chair
- Toileting – Help getting onto or off of the toilet
- Bathing – Help bathing, showering, and personal hygiene
- Dressing – Help to get dressed or undressed
- Eating – Help preparing food and eating
- Ambulation – Help walking or climbing stairs
What Are My Options
Without the assistance of Medicare, the monthly expense of Long Term Care is difficult for most families to cover. There are three options to pay for Long Term Care expenses.
How Does Medicaid Planning Work?
The laws surrounding Medicaid are complex. It is a federal program which each state manages with some differences. The following cases illustrate what is possible with proactive planning.
Case #1
Pauline has been diagnosed with dementia. She wants to be able to pass something along to her children. She comes to Idaho Law Group for help.
Pauline's Income – $1,800 per month
Pauline's assets – $150,000
Pauline's cost of Long Term Care – $8,300 per month
Instead of waiting for Pauline to spend her $150,000 on Long Term Care, Idaho Law Group assists her with a gifting strategy that works within the Medicaid rules.
Once the plan is put into place, Pauline is able to qualify for Medicaid immediately. There will be a period during which Medicaid will not pay, but the plan covers that. Pauline was able to protect a little over half ($75,848) of her assets and pass them to her children.
Case #2
Arthur and Mary are married. Arthur has just been diagnosed with early-onset dementia. He wants to make sure Mary has all she needs when he is gone. They come to Idaho Law Group for help.
Arthur's Income – $2,000 per month
Mary's Income – $1,500 per month
Joint Assets – $300,000
Arthur's cost of Long Term Care – $8,500 per month
Idaho Law Group helps Mary and Arthur create a plan where Mary gets to keep $125,000 of assets. An additional $157,000 of assets are turned into an income stream that will pay the $157,000 back to Mary in 36 months. Arthur is immediately qualified for Medicaid without paying the Long Term Care facility and without any Medicaid penalty period.
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