What is Medicaid Planning?
Did you know? At some point in their lives, a majority of Americans over 65 will find themselves in a nursing home. With the cost of nursing homes, some families run out of money within the first year of a prolonged stay. Due to this, Medicaid is an option to consider if you don't want to spend all of your life savings. We take the time to learn our clients' wants, needs, and priorities and help create a strategy to help protect your hard-earned savings and assets specific to your financial and family situation.
A Difficult Decision
The decision to move a loved one into a long-term care facility is one of the most difficult decisions a family will consider. There are many common questions you may be asking yourself when determining if applying for Medicaid is the right step, such as:
-Is it too late to plan for Medicaid once my loved one has entered a long-term care facility?
-Will “they” take all of my assets and my home?
-Will I have enough income to pay my bills if my spouse is placed into long-term care?
-Can my loved one qualify for Medicaid if they maintain assets in their name alone?
Let us relieve you of these burdens and guide your path to Medicaid eligibility.
Medicaid Eligibility
Medicaid eligibility is the ultimate goal in most Medicaid Planning cases. We will formulate a plan to not only maximize an individual's savings prior to applying for Medicaid, but we will work with our clients every step of the way from the filing of an application to eligibility and beyond. In some cases, it is necessary to file administrative appeals to achieve eligibility.