Innocent Mistakes Can Be Costly
Will You Go Broke Paying for Care?
The median cost of a private room in an Omaha-area nursing home in 2019 is $7,726, according to the Genworth Cost of Care Survey. Semi-private rooms are not much better at $7,194.
How will you pay for this care? Very few Omaha-area seniors – or their families – can manage this kind of expense. But here’s the unfortunate reality: more than two thirds of people over 65 today will need long-term care at some point in their later years.
Medicaid is an Option
Instead of emptying savings or retirement accounts to cover the cost, there’s another option: you can plan to qualify for Medicaid. It may sound easy, but it’s not. It’s a minefield best navigated by experts. And you must start early.