According to the latest statistics, a nursing home in Tennessee costs about $90,000 per year for a semi-private room and the cost is climbing by about 5% a year. Most Americans will quickly exhaust their savings and may need government assistance in paying for long term care. Medicaid (called “TennCare” in Tennessee) will only pay for long term care if a senior (65 or over) meets medical guidelines as well as tests for income and assets. Fortunately, for the spouse who does not need nursing home care, the “community spouse,” there are ways to preserve assets so that he or she is not utterly impoverished. If the person needing nursing home care is not married, there are still ways to spend money that will help that person preserve a better living standard and perhaps some assets. Preservation of assets in these situations is time sensitive, and a family facing nursing home admission should contact an elder lawyer, who specializes in Medicaid planning, without delay. Contact us for a consultation if you need help.