Medicaid Planning

15_Medicaid PlanningWhat is Medicaid planning?

Medicaid is a medical assistance program that is jointly financed by state and federal governments for low income, disabled, and other individuals who meet specific criteria.

Medicaid cases fall into two categories; crisis and pre-crisis. Crisis Medicaid planning concerns itself with clients who are in need of Medicaid at the present time and, therefore, requires strategies which work immediately.

Once there is a crisis, it’s really challenging to create the best possible plan.  So, strategize while you are healthy.  Set up your care plan now.  You may establish a 5-Year Trust. This sort of plan is put in place so that you may qualify  for Medicaid after 5 years. Another purpose for the pre crisis plan is to protect the trust’s assets from creditors, divorce  premature death.

Among the services covered are:

  • In-patient hospital services
  • Out-patient hospital services
  • Laboratory and X-ray services
  • Nursing home services
  • Assisted living
  • Home-based care
  • And other specified services and benefits

As our population ages, more and more of us confront As we age, at some point, we will need to deal with elder law-related legal issues, for ourselves or our parents. An issue that is typically not included in health insurance is the issue of long-term nursing home care.

Depending on where you live and the level of care needed, nursing home care can cost anywhere between $35,000 and $150,000 per year. The average stay is slightly more than three years. Most people end up paying for a nursing home care until their personal (or family) assets are depleted, then they may qualify for Medicaid to pick up the cost.

We assist seniors and their families in making decisions regarding long-term care planning, including the exploration of Medicaid eligibility options.

Elder Law Attorney” helps our clients to get whatever public benefits they are entitled to, including Medicaid. We exercise specific legal techniques and legal instruments with the intention of preserving and protecting your assets.

We help our clients choose the best and most appropriate facility to care for them long term. We customize the best plan for our clients and their families, as people age. It’s our job to explore all of your options, learn what your desires are for the long term, including care in your own home as a primary focus. All the while, we will be setting up systems to protect your assets.

We fully evaluate your present financial status and will develop a customized plan to help you achieve your goals and preserve your assets.Contact us for more information at (561) 123-1234