Why Is Medicaid Planning Relevant If I’m Healthy?

Why Is Medicaid Planning Relevant If I'm Healthy? Medicaid is a need-based, government run health insurance program that pays for most of the nursing home care that is received by seniors in the United States. As a result, Medicaid planning is important to a significant percentage of seniors, but some people do not understand why.

It can be difficult to seriously consider contingencies that seem irrelevant to you at the moment. You may know family members and friends who have required living assistance, but you may assume that you will never need help with your activities of daily living.

Even as you get older, if you are healthy and fully capable of getting around, you may exude confidence about the future. Since you live a healthy lifestyle, it is unlikely that you will require long-term care, right?

In fact, this logic may be faulty.

According to the United States Department of Health and Human Services, 70 percent of people who are turning 65 are going to need custodial care at some point in time. Custodial care is the kind of care you would receive if you were to reside in a nursing home or assisted living community.

You may say that these people were never healthy like you, but consider this food for thought.

People who reside in nursing homes are often in their eighties and beyond. Do you think that unhealthy people typically live very long lives? It could be argued that individuals who enter their retirement years in good health are more likely to experience extraordinary longevity.

These days, there is a great deal of information circulating about healthy lifestyle choices. More and more people are making the right decisions, and medical science has also made innumerable advances over the years.

As a result, the oldest segment of the population is growing faster than any other, and it is likely that you will live into your eighties if you reach the age of 65.

Alzheimer’s disease strikes up to 45 percent of people who are 85 years of age and older, and many people who are residing in nursing homes are Alzheimer’s sufferers. Clearly, when you put all these facts together, you can see why Medicaid planning may be important for you, even if you are healthy when you attain senior citizen status.

Free Medicaid Planning Report

If you are convinced enough to start to look into Medicaid planning, download our special report. This free report will provide you with a great deal of in-depth information, and you can get your copy here: Dallas TX Medicaid Planning.

Take the Next Step

We offer free consultations to people who are interested in Medicaid planning. To set up an appointment, send us a message through our contact page: Dallas TX Elder Law Attorneys.