Having to deal with the financial issues associated with arranging long-term care can be overwhelming for Georgia residents. However, there are effective ways to create an efficient plan while addressing financial and estate issues.

Many people may have preconceived notations about long-term care. For example, they may believe that all of their long-term care expenses will be paid for by Medicare. It is also a common belief that adult children will handle all the care. Some people may plan to gift away their assets so that they may qualify for Medicaid. There are even cases in which people believe that they will never need long-term care.

In reality, long-term care is an issue that many people, along with their aging parents, have to consider as more baby boomers begin to enter their retirement years. Due to the changes in the law within the last decade or so, it is important to realize that at some point during their later years, 70 percent of retirees will require long-term care. They should also know that Medicare does not provide financial resources for long-term care, and only people who have a demonstrated financial need will be able to use Medicaid.

Another important fact to keep in mind is that the average cost of nursing care in the United State in 2017 ranged from $7,148 to $8,121 per month. Also, the premiums for long-term health care can rise.

An attorney who practices elder law may help a client create a plan that ensures long-term care. Legal counsel could explain the necessity of completing powers of attorney and medical directives in order for important decisions to be made on behalf of elderly loved ones.