Long term care is one of the biggest concerns families face as loved ones age. Many people are surprised by how expensive care can be and how little help Medicare provides.
In our Florida elder law practice, families often ask what long term care is, how much it costs in Florida, and who pays for it.
What Is Long Term Care
Long term care is help with daily activities such as bathing, dressing, eating, and supervision for memory problems. Care may be provided at home, in assisted living, or in a nursing home.
Average Cost of Long-Term Care in Florida
Assisted living in Florida typically costs on average about $4,000 – $5,000 month. Nursing home care costs around $10,000 per month for a shared room and $11,000 or more for a private room. Home care services usually cost about $25 – $30 per hour, depending on the amount of care needed.
Medicare Does Not Pay for Long Term Care
Medicare does not pay for assisted living, long term nursing home care, or ongoing home care. It only covers limited short term medical care.
Who Pays for Long Term Care
Long term care is usually paid for through personal savings, long term care insurance, family caregivers, or Medicaid.
Medicaid may help pay for nursing home care and some assisted living or home care services, but strict income and asset rules apply.
Can Medicaid Take the House
A person can often qualify for Medicaid and still own a home during their lifetime. However, the home may be subject to Medicaid estate recovery if planning is not done correctly.
Why Planning Ahead Matters
Planning early can protect assets, preserve the family home, and reduce stress for loved ones.
When to Speak With a Florida Elder Law Attorney
You should seek guidance if long term care may be needed, you are worried about paying for care, or you want to protect assets.
Final Thoughts
Long term care planning helps families make informed decisions and avoid financial crisis during an already difficult time.
