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What Happens to Your Assets If You Go Into a Nursing Home? - Seth Schlessel
From Schlessel Law PLLC – What Happens to Your Assets If You Go Into a Nursing Home? explores the financial and legal realities families face when considering long-term care in New York. In this episode, we unpack how the high cost of a private room—averaging $176,000 a year—can challenge a lifetime of savings and why planning ahead with Medicaid strategies is crucial. You’ll hear how Long Island and New York City residents are impacted differently and what steps can be taken before and after admission to a facility.We dive into how Medicaid evaluates income and resources, breaking down what…
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