Medical divorce is becoming more common in situations where one spouse requires extensive medical and long term care. Families faced with tens, if not hundreds of thousands of dollars in medical costs may look to Medicaid as an option when their private insurance runs out.
While those with limited income and assets typically qualify for Medicaid to pay their medical bills straightaway, many others must spend down their assets in order to qualify. To get the benefits a sick spouse needs without putting a healthy spouse’s or their children’s financial futures at risk, some consider medical divorce to avoid financial ruin.
The current cost of long term medical care is staggering with a price tag few can afford. Some find that medical divorce is the only option to protect the limited assets they have, even modest sums of money they may have set aside for retirement or to provide a small inheritance for their kids. When families are met with a health crisis with medical services out of reach, sometimes medical divorce is the only choice they have to make ends meet.
If you have questions regarding medical divorce or any Illinois family law issue, contact the Libertyville family law offices of Schlesinger & Strauss LLC today at 847-680-4970.