What Questions Should I Ask an Elder Law Attorney?

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WHAT QUESTIONS SHOULD I ASK AN ELDER LAW
ATTORNEY?
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There are tens of thousands of baby boomers
applying for Social Security every week
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As a result, increasing numbers of Americans have
questions about ELDER LAW ISSUES
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In this presentation we will look at SOME OF THE
QUESTIONS that you should ask an elder law
attorney
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Will I Be Able to Live On My Social Security
Benefit Alone?
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Depending on your situation YOU MAY BE ABLE TO
SURVIVE, but that's about it
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In 2013 the average monthly Social Security
benefit for a single recipient is just 1261
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In 2013 the average monthly Social Security
benefit for a single recipient is just 1261
The average for a couple receiving Social
Security benefits is 2048 a month
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How Can I Find Out Exactly How Much I Will Be
Getting?
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You can access your statement by registering your
account on the Social Security Administration
website
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• You can access your statement by registering your
  account on the Social Security Administration
  website

The practice of mailing out paper statements
annually was discontinued as a cost-cutting
measure
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Will I Have Any Out-of-pocket Health Care
Expenses When I'm On Medicare?
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there are out-of-pocket expenses
Medicare Part B covers visits to your physicians
and outpatient care
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There is a monthly Part B premium that must be
paid The amount of the premium is based on your
income
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In 2013 most people are paying 104.90 per month
for the coverage
This is deducted from your Social Security direct
deposit
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There are also deductibles and copayments that
must be paid for hospital stays covered under
Medicare Part A
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Is It Likely That I Will Need Long-term Care?
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Yes, you will probably need LONG-TERM CARE at
some point in the future
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• According to the United States Department of
  Health and Human Services,
• SEVEN OUT OF EVERY 10 PEOPLE
• will need long-term care eventually

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Will Medicare Pay For My Long-term Care Expenses?
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• No, Medicare is not set up to absorb these costs

It will however cover up to 100 days of
convalescent care after surgery
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Is Long-term Care Affordable?
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Long-term care is NOT AFFORDABLE for most people
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I Don't Have That Kind Of Money. What Can I Do?
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Some people purchase LONG-TERM CARE INSURANCE
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However, most of the seniors residing in nursing
homes are receiving assistance from the Medicaid
program
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Medicaid Is For The Needy, And I Have Some
Resources. Will I Lose Everything?
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• If you plan ahead appropriately
• you may be able to qualify while keeping a
• significant store of resources in the family

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THIS IS BEST ACCOMPLISHED WITH THE BENEFIT OF
PROFESSIONAL GUIDANCE
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• THESE ARE BRIEF ANSWERS TO SOME BASIC QUESTIONS

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TO DEVELOP AN INFORMED STRATEGY FOR AGING
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Contact our firm to schedule a FREE ELDER LAW
CONSULTATION
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www.Shober-Rock.com
www.Shober-Rock.com
Elder Law Attorneys in Chalfont PA
Elder Law Attorneys in Chalfont PA