(718) 238-6960

Nursing Home and Medicaid Planning in New York

Serving Clients in the Five Boroughs and New Jersey


A long-term care plan is essential for every individual entering the retirement years. It will provide orderly management of financial and medical decisions in the event of disability or incapacity. We offer a clear three-point plan:

  1. Help you maintain the highest degree of independence in the face of illness or incapacity.
  2. Document your wishes and needs.
  3. Assemble the right combination of financial options and legal tools to meet your current, ongoing and future needs.

Maintaining Independence

Most people want to continue living in the environment they know best — their homes. We work with our clients —and their families — to help determine how much independence is possible. We usually begin with a few steps:

  • We start with an assessment to determine what assistance is needed
  • We connect our clients to community support organizations, at-home caregivers and other resources. See our Living Options section for ways we can help your family manage needed changes in living situations.
  • We help document your wishes through advance directives such as a Durable Power of Attorney or Health Care Proxy.

Planning Ahead: Documenting Wishes and Needs

Self-determination and control is the goal, but they may not always be possible. Planning ahead can ensure that your wishes are carried out by your appointed agent.

The following basic legal documents are the essential tools Grimaldi & Yeung LLP provides — known as Advance Directives — to implement your plan.

Options For Financial Security

Living longer means that you may have to plan more carefully for financial security. We can create a plan to better cover extraordinary medical and living expenses, such as home care services, assisted living facilities, nursing homes or other long-term care arrangements. These expenses may be paid for in various ways, including:

  • Private payment/family savings
  • Medicare
  • Health insurance
  • Private long-term care insurance
  • Medicaid
  • Prescription drug coverage

With the high cost of care, insurance and government benefits — such as Medicare — are paying a larger and larger share. In spite of this, unprotected private savings are still expected to be fully used before most types of public funds become available. The right mix of resources will ensure that your care is covered. Some key things to consider in forming your long-term health care plan:

  • Medicare does not fully cover long-term care, but Medicaid can. Establishing Medicaid eligibility is complicated. So start early and work with a professional — like a Grimaldi & Yeung LLP attorney — who understands the rules and the process to increase your chances of success.
  • Private payment of catastrophic medical and care expenses will reduce your savings to fund your daily needs and leave less to pass to your heirs.
  • No matter how you fund your health care, there are tax implications. Careful planning with a skilled professional will integrate tax savings.

For resources on aging services and benefits click here.

Let’s Begin a Conversation