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APPLES AND ORANGES – Knowing the Differences Between Assisted Living Facilities (ALFs) & Skilled Nursing Facilities (SNFs)
August 11 @ 11:00 am - 12:30 pm
In partnership with the Howard County Library System and presented by Elville and Associates’ partner and senior elder law attorney Lindsay V.R. Moss, this webinar will discuss the key differences between an ALF and a SNF. We will review what qualifications are needed for each type of facility, what long-term insurance will pay for, and what public benefits may be available for each, including Medicaid and Veteran’s Administration (VA) benefits. We will go over asset requirements, and asset protection and planning strategies.
– Assisted Living Facilities ARE NOT skilled nursing facilities. What to expect with both facilities and what questions you should be asking.
– VA Aid & Attendance can be very helpful in paying towards the costs of assisted living, if eligible – is there a service member in the home? The DOD takes care of their own; there are several options available for veterans and their surviving spouses.
– Doing asset protection planning now can increase the likelihood of preserving your family’s wealth in the future. We don’t have 20/20 vision, but if this year has taught us anything – no one can predict the future. However, you can plan for a multitude of circumstances to be prepared for what comes next.
– Long-term care Medicaid is available for those that need to be in a skilled nursing facility, but assets have to be either protected or spent-down for eligibility. Knowing what to spend and how to spend, it is key!
To register for the presentation and receive the webinar link, please click here. Should you have any questions ahead of time, please contact Elville and Associates’ Community Relations Director Jeff Stauffer at [email protected] or at 443-393-7696. We look forward to hosting you!