Elder Law encompasses a wide range of practice areas: estate planning, Medicaid planning, long-term care planning, asset protection, and more. Our attorneys have extensive experience in all of these areas. Grace Tanuvasa, our Client Services Coordinator, has a decade of experience in hospital health care administration and health care insurance. Everyone at our firm is dedicated to helping seniors and their loved ones manage the changes that come with growing older. In particular, we help families cope with the high cost of long-term care.
The cost of long-term care
Most people will require long-term care at some point in their lives. In fact, 70 percent of us will need long term care, and 20 percent of us will need long-term care for five years or more.
Long-term care in Hawaii is expensive. How expensive? We don’t want to alarm you, but consider the following statistics:
- The median cost of nursing home care in Hawaii for a semi-private room was more than $137,000 per year in 2017, while the cost of a private room exceeded $158,000 per year. Even assisted living facilities cost nearly $50,000 a year in 2017
- The cost of long-term care will likely rise dramatically in the years to come
- Approximately two out of three families exhaust their life savings within two years of a family member entering a nursing home
Are you destined to go broke if you or your spouse need long-term care? Absolutely not. We can help you qualify for assistance from Medicaid to obtain the care you need while simultaneously protecting your life savings. This can involve helping you plan in advance for the possibility of needing long-term care in the future. If you are already in a nursing home, or must move into one soon, we may still be able to protect your hard-earned assets.
Don’t lose everything you have worked for to the cost of long-term care. Contact us today to schedule a consultation with one of our Honolulu Medicaid planning attorneys.