Will my parents lose their life savings if they need to go to a nursing home?

Facing the cost of nursing home care can be scary. In Ohio, that cost is sky rocketing to an average rate of $7,000/month to $10,000/month. An ordinary citizen cannot pay these costs indefinitely without facing financial ruin. This does not need to be the case. If you or a loved one face placement in a nursing home, it is important to know the Medicaid rules for qualification if you cannot afford to pay privately. There are many planning tools available to both married couples and single individuals to protect the spouse at home and even to provide a small inheritance for heirs. For more information on qualifying for Medicaid, call Solomon, Steiner & Peck, Ltd.