The Indiana Physician Orders for Scope of Treatment (POST) Program is a new advance care planning tool designed for those individuals with a disease that is life-limiting or terminal. People with these life-limiting conditions experience diminished benefits from treatments and increased burden as their condition progresses. The Indiana POST form is a standardized form containing orders by a treating physician based on a patient’s preferences for end-of-life care. The POST form documents an individual’s treatment
Medicaid is a state and federal program that provides health coverage for those who meet certain eligibility guidelines. For people who are under age 65 and do require long term care in a nursing facility, eligibility is mostly based on income; therefore, these applications typically aren’t very difficult. People who need Medicaid to assist in covering long term care expenses, such as nursing home or home-based services, must meet more strict eligibility standards based on
Long term care insurance covers care generally not covered by health insurance, Medicare, or Medicaid. A number of considerations go into how much long term care insurance that you should buy. The average cost of a room in a nursing home is $70,000 per year and the average monthly base rate in an assisted-living facility in Indiana is $3,693. Home care costs can vary. One way to calculate how much to buy is to take the
To begin my series on advanced Medicaid planning strategies, I would like to address a question that I am often asked: How can I protect my assets if I’m not likely to enter a nursing home within the next 5 years? * The following is a discussion on the protection of non-real estate assets. To learn about advanced Medicaid planning strategies to protect your home and other real estate, please view my blog titled, “Medicaid Advanced
While there are strategies to protect the home of those who are entering, or already in a nursing home, the focus of this article is on advanced Medicaid planning: for those who will not be needing nursing home care within the next 5 years. I will discuss crisis Medicaid planning techniques in a future series of articles. Why consider advanced Medicaid planning to protect the home and other real estate? Indiana has a 5‑year look