Long Island elder law attorney Seth Schlessel (https://www.schlessellaw.com/how-to-create-a-long-term-care-plan-for-long-island-residents/) of Schlessel Law, PLLC has released an insightful article titled “How to Create a Long-Term Care Plan, for New York Residents.” This article aims to guide individuals and families through the intricate process of planning for long-term care, emphasizing the importance of preparation and informed decision-making.
Long Island elder law attorney Seth Schlessel acknowledges the discomfort many feel when considering the possibility of being unable to make decisions due to disability. However, the attorney stresses the benefits of proactive planning. “Creating a long-term care plan now, while you are still in good health, can provide peace of mind and clarity for both you and your loved ones,” said Schlessel.
In the article, Long Island elder law attorney Seth Schlessel outlines several key advantages of having a long-term care plan. These include the ability to communicate one’s wishes to loved ones, allowing a healthy spouse to maintain control over decisions, and pre-vetting care facilities and services. Schlessel explains, “A well-crafted plan not only ensures your preferences are respected but also alleviates the decision-making burden on your family members during challenging times.”
The article details various long-term care options available to Long Island residents. Nursing homes, while providing extensive care, are often expensive and may lead to less favorable outcomes. Schlessel notes that the average cost of nursing home care on Long Island ranges from $96,360 to $142,350 per year. “It’s crucial to account for these costs and the duration of care needed, typically around 2.5 years for nursing homes,” he advises.
In-home care is presented as a preferred alternative, offering more flexibility and comfort. This can involve professional caregivers or adult day care services, with average annual costs of $23,400 and $19,500, respectively. Schlessel highlights that these costs only cover care services, not additional living expenses. “In-home care allows for a more personalized approach and can be less disruptive to the senior’s daily life,” he adds.
Medicaid is identified as a primary funding source for long-term care, especially for nursing home residents in New York. Schlessel explains that over 70% of nursing home residents in the state rely on Medicaid. He cautions, “Medicaid has strict income and asset limits, and navigating these regulations can be challenging. A Long Island elder law attorney can help protect your assets while helping ensure you qualify for necessary benefits.”
The article also covers the process of planning for nursing home care, including health assessments, ongoing evaluations, and personalized care plans. Schlessel underscores the importance of active participation in care planning, stating, “Engaging in the care planning process ensures that the care provided aligns with the individual’s specific needs and goals.”
Payment options for long-term care are thoroughly examined, with Schlessel providing insights into Medicare, Medicaid, other federal programs, private health insurance, and additional private payment methods. He emphasizes the importance of consulting with a Long Island elder law attorney to explore all available options and make informed decisions.
Creating a comprehensive long-term care plan involves several critical components, including wills, living trusts, medical and durable powers of attorney, and long-term care insurance. Schlessel advises designating a personal care coordinator and assembling a team of professionals, including a care manager, financial planning specialist, and elder law attorney. “Having a dedicated team ensures that all aspects of your care and financial planning are managed effectively,” he explains.
For New York residents considering their long-term care options, now is the time to act. Consulting with Long Island elder law attorney Seth Schlessel can provide the guidance needed to create a robust and effective long-term care plan. By planning ahead, individuals can ensure their wishes are honored and their loved ones are supported.
About Schlessel Law, PLLC:
Schlessel Law, PLLC is a Long Island-based law firm committed to providing compassionate and comprehensive legal guidance to elders and their families. The firm can offer a range of services, including estate planning, Medicaid planning, and guardianship matters, with a focus on ensuring clients’ needs and wishes are respected and fulfilled. Led by Seth Schlessel, the team is dedicated to helping clients navigate the complex aspects of elder law with confidence and peace of mind.
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