Staten Island Elder Attorney Advises on Long-Term Care Planning
Multifaceted strategies to safeguard your health and welfare
With age, infirmity is inevitable, but planning for it is a choice. Since 1997, William J. Newstad, Esq., Attorney and Counselor at Law has helped seniors and their adult children create effective long-term care plans that address their health needs while protecting vital assets. We make taking control of your future easy, with informative discussions in the comfort and privacy of our Staten Island office.
Don’t let long-term care costs rob you of your future
An accident or prolonged illness can be devastating for a senior on a fixed income. Expenses cascade like dominos falling: hospital costs, diagnostic testing, medication, rehabilitation facility costs, physical and occupational therapy, home health care, housekeeping services and doctor’s office visits. For many seniors, Medicare will cover most costs, but others may exhaust some of their benefits and will have to pay out of pocket. Without a sound long-term care plan in place, these seniors may have to sacrifice assets they were holding for retirement or had planned to leave to their children.
Elder attorney shows how to use your benefits and save your assets
Seniors usually receive long-term care in a nursing home, at home or at an assisted-living facility. They pay for these services with a combination of government benefits and private insurance before having to go “out-of-pocket.” As your long-term care lawyer, we can advise you on strategies to:
- Replenish your Medicare benefits
- Establish eligibility for Medicaid
- Fill in the gaps in coverage from your private insurance
- Protect the assets you need to maintain your standard of living
- Protect assets to pass on to your heirs
The role of long-term care insurance in your planning
William J. Newstad, Esq., Attorney and Counselor at Law believes that middle-class seniors should have some form of long-term care insurance, but it should be carefully tailored to address their needs. Some plans allow you to choose between low daily maximums (paid over a long period of time) or high dailies (paid over a shorter period). Which plan is best for your depends on your age, overall health and financial situation. Before you commit to a plan chosen for you by a salesman, let us review your needs and your options.
Get good information on long-term care from a concerned Staten Island elder attorney
William J. Newstad, Esq., Attorney and Counselor at Law informs seniors and their families about how to ensure affordable long-term care. We offer our clients flexible appointments and can even visit at home or in a nursing facility if necessary. To schedule a consultation, call 718.815.5800 or contact our Great Kills Town office online.