The Estate & Asset Protection Law Firm Founder, Victoria L Collier, Talks About The Importance Of Knowing The Details Of Medicare And Medicaid Coverage.
Estate & Asset Protection Attorney, Victoria Collier covers the top two moments that cause people to suddenly realize their healthcare needs are not covered when they thought they were. She explains nuances that are not explained in online wills or by attorneys who don’t spend the necessary time to understand the clients’ needs.
DECATUR, GA, May 10, 2020: Victoria L. Collier, founder of The Estate & Asset Protection Law Firm, has posted a new article on her law firm’s website entitled “How To Avoid Being Someone Who Says, “Oops I Thought I Was Covered.” Ms. Collier provides examples in order to help readers avoid being in the dark about their coverage and instead being confident.
Collier writes, “Very often, after giving an estate planning presentation to a group or meeting with a client to review their previously drafted estate plan, I hear the phrase, “I thought I was covered”.” “There are basically two dominant reasons for this,” says Collier going on to explain. “First is a result of having just heard information that lets them know their current plan is not enough for their particular situation. Secondly, they either did not understand what they needed or paid a “low price” for Internet documents or for a lawyer who could do it cheaply, but who didn’t really take the time to understand what the client needed either.”
Collier states, “While there are five major reasons that make most people think they have the coverage they need but ultimately don’t, I’m going to review the top two in this article. I’ll review the remaining three in next month’s article.”
The Number One Oops: I (or my mother) has Medicare so her nursing home cost will be covered.
According to Collier, the number one “oops moment” happens when someone thinks Medicare is going to cover nursing home costs. As Collier points out, “Medicare does not cover long term care costs at home, in assisted living, or at a nursing home.” She elaborates, “Medicare covers hospitalization and short-term acute rehabilitation services at home and at nursing homes. Some Medicare benefits have coverage limits. For nursing homes, the maximum that Medicare will cover is 20 days at 100% and up to another 80 days at 80% (for a total of 100 days), which can be terminated at any time prior to reaching 100 days.” As she continues to explain, “The financial options to pay for care after Medicare terminates include the following: Money from your own life savings, long term care insurance if you have it, Veterans Benefits for wartime veterans and their spouses (with certain limitations), and Medicaid (with financial eligibility limitations).”
The entire article can be read at https://www.elderlawgeorgia.com/blog/opps-covered/
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Victoria Collier has grown her law practice and financial services practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace.
Victoria enlisted in the U.S. Air Force during Desert Storm, 1989-1995, and also served in the U.S. Army Reserves, 1Lt. 2001-2004, JAG Corps. Victoria is a national expert on the VA Wartime Pension for veterans and their widows who need additional assistance with activities of daily living and helping them qualify for and receive tax-free income from the VA to pay for it. Victoria graduated from Valdosta State University with a B.A. in Psychology and then University of Nebraska, College of Law. In 2014, Victoria was awarded with the Alumni Master Award from the University of Nebraska.
Victoria is a Certified Elder Law Attorney (CELA) through The National Elder Law Foundation and has been named as the only attorney in Georgia as “Fellow” of the National Academy of Elder Law Attorneys (NAELA). Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit. Victoria has co-authored several books: Blooper Episodes in Estate Planning, Don’t Go Broke in a Nursing Home, and Protect Your IRA: Avoid the 5 Common Mistakes. Most notably, Victoria co-authored the National Best Seller, The Road to Success, with Jack Canfield, author of Chicken Soup for the Soul series.