Elder law attorneys focus on matters that are of particular interest to senior citizens. It is important to discuss the eventualities of aging with a licensed professional if you want to be comprehensively prepared for the future. Let's look at a few of the issues that elder law attorneys deal with on a day-today basis.
LONG-TERM CARE COSTS When you work you are paying taxes, and part of what you pay goes toward future Medicare coverage. Medicare is a government health insurance program for senior citizens You gain eligibility by accumulating retirement credits. You can earn up to four credits per year. If you have accumulated at least 40 credits, you will qualify when you reach the age of 65. In 2014 you get one credit for every $1200 that you earn. If you earn at least $4800, you get the maximum four credits for 2014. As you can see, the requirements are rather modest. Most people are going to pay taxes on a minimal amount of income for at least 10 years. As a result, the majority of Americans qualify for Medicare coverage at the age of 65. Medicare will help, but it does not cover everything. There are deductibles, copayments, and premiums that enter the picture. You should be prepared for these out-of-pocket expenses. The Medicare program does not cover long-term care at all. Living assistance is considered to be custodial care. Custodial care is not covered. If you have to stay in a nursing home or assisted living facility, Medicare won't help.
What Is an Elder Law Attorney?
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