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Posts tagged "protection of assets"

Asset protection for seniors going to nursing homes

Seniors in New York often depend on Medicare for their health care needs. Medicare benefits, however, are limited if a person needs to enter a nursing home. Only a set number of days are allowed through Medicare to recover from a surgery or illness in a skilled nursing facility. When the time period expires, then the patient and his or her family must pay the costs, which can accumulate quickly and erode the finances of the patient and family members.