How much does a nursing home cost in Arizona?
Our Elder Law Attorney in Chandler, AZ will be happy to offer you a free consultation
Are you afraid of nursing home costs in Arizona? Long term care insurance companies closely monitor the costs of care in different areas of the country. In Arizona, the average cost of care for a private room in a nursing home facility was $8,190 per MONTH in 2019. This works out to around $100,000 per YEAR. Assuming 3% inflation (the average in the US over the last 100 years), these costs will increase to almost $11,000 per month, or $132,000 per year, in 2029. The US Department of Health and Human Services (HHS) calculated that almost 10% of seniors over age 65 will pay at least $250,000 out of pocket for long term care expenses. The HHS also notes that 63% will pay $0 out of pocket for long term care expenses. Why such a difference?
While long term care insurance is a great resource, it is unaffordable for many so I can’t explain the difference. The good news is that consulting with an elder law attorney and asset protection lawyer can not only help families qualify for government benefits to pay for long term care but also can often shelter assets from being taken by the state as reimbursement. The elder law attorney in Chandler at Citadel Law Firm in Chandler can guide you through the process of qualifying for ALTCS – the Medicaid program in Arizona that pays for long term care – and help with asset protection strategies tailored to your family and financial circumstances. Most of our elder law clients find that engaging an elder law attorney pays for itself many times over after putting the asset protection strategies in place and qualifying for ALTCS benefits.
It is important to remember that the term “long term care” describes a spectrum of services and not only a nursing home setting. There are also community and assisted living facilities where costs of care typically range from $2,000 to $4,000 per month. Home based services where caretakers and home health aide care for senior in their own homes may cost $25-50 per hour depending on the level of care needed. And finally you should consider home health care options that minimize the need to arrange transportation to see your medical providers. Don't let the nursing home cost in Arizona be a burden in your family.
A free initial consulting with an elder law attorney in Chandler or an elder law attorney in Sun Lakes will make you aware of the options available for paying for long term care. An elder law lawyer who also practices asset protection law may also be able to develop strategies that protect your home and life savings from being consumed to pay for long term care.
Many clients are surprised to discover that Medicare or other health insurance programs do NOT pay for long term care or nursing home costs. In fact most health insurance plans, including Medicare, only pay for a few months of care. And for many seniors, they may have already consumed some or all of the care quota in care previously received in rehab facilities after a surgery, such as a hip replacement.
It is therefore important to consult with an elder law attorney in Arizona before applying for ALTCS, which is the Medicaid program in Arizona that pays for nursing home expenses. If you are afraid of how much nursing homes cost in Arizona give Citadel Law Firm, PLLC a call. Our Elder Law Attorney Chandler, AZ will be pleased to offer you a free consultation and go over your needs. Your family don't have to lose all their life savings if they plan ahead. An Estate Planning attorney specialized in Elder Law will be able to help. Call today for your consultation, (480) 519-5581.