BHMK Law’s physical office is now open and operating on a modified basis. Most of our attorneys and staff have returned to the office and are on site to serve your needs, while those who are not continue to work remotely and take advantage of the technology investments we have made over the last few years. We are limiting the number of persons in the office at one time and have created special protocols around client visits to the office. Please discuss your needs and our protocols with your attorney or staff member. We are proud to continue to serve you at this time and continue to prioritize the health and safety of our clients, staff, and attorneys.

Should you have long-term care?

| Mar 12, 2018 | Estate Planning |

As you get older, there are a growing number of things to consider. Along with writing a will and making sure your assets are protected in Ohio, you should also consider whether long-term care insurance is something you will benefit from.

According to the AARP, long-term care can help those who have conditions, such as disabilities or chronic illnesses, that need daily care over a long period of time. Assistance may come in the form of:

  • Eating
  • Bathing
  • Dressing
  • Skilled care from therapists or nurses
  • Adult day care
  • Home modification

Because these services are not covered by regular health insurance plans, more people are considering purchasing separate long-term care coverage. A number of factors should be considered when deciding if this type of insurance is a good idea. These include:

  • Your income – long-term care insurance can be pricey, so it may not make sense financially, especially if money is already tight
  • Your current health – premiums are more affordable if you are in good health
  • Your age – premiums are also typically more affordable if you begin paying them when you are younger
  • Existence of a support system – consider if you have family members who would be able to help in the event you have future health issues
  • Tax benefits – your premiums may be considered a tax deduction if you meet certain standards

If you are 65 years of age or older, keep in mind that Medicare does not cover long-term care services. However, they do cover some healthcare-related services such as qualified home health services, long-term hospital stays, Hospice care and skilled nursing care.

 

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