Illinois  |  Elder Law

You should discuss your concerns with a knowledgeable attorney. There are financial planning and estate planning methods available to help pay for at-home or nursing home care and/or protect one's assets from the spend-down provisions of Medicaid. However there are time restraints and for certain things to work, one needs to set plans in place several years before the need to enter a home/collect benefits.

Sincerely,

Paul Fine

(773) 968-6359

The best option is to buy a long term care policy. If this is not a option then you need some form of Medicaid planning. However, at your age I doubt I would do such a plan for you. Medicaid planning is very complex. You should consult with an attorney specializing in that area.