Are you concerned about rising healthcare costs and the impact they could have on your financial wellbeing? Medicaid planning can be the solution you’re looking for.
Our team of experts can guide you through the complex process of Medicaid planning, helping you to protect your assets while still qualifying for the assistance that you need. We can help you to understand the rules and regulations surrounding Medicaid eligibility, as well as the many different planning strategies that are available.
From irrevocable trusts and asset transfers to annuities and spend-down planning, we offer a full range of services designed to help you get the most out of your Medicaid benefits. We’ll work with you to develop a customized plan that takes into account your unique situation and goals.
Don’t let healthcare costs erode your savings and financial security. Contact us today to learn more about how Medicaid planning can help you to protect your assets and secure your future.
This article provides a guide into the critical distinctions between Medicaid planning and estate planning, two strategies that, while often intertwined, serve different purposes in the landscape of protecting one's assets and preparing for the expense of long-term care. Understanding these differences is not just beneficial—it's essential for anyone looking to protect their assets, ensure access to necessary care, and leave a lasting legacy for their loved ones. What Is Medicaid Planning? Medicaid planning describes the service provided by experienced financial and estate professionals to those seeking to become eligible for Medicaid, a federal and state program designed to assist with the costs of healthcare and long-term care for those who could not otherwise afford it. Medicaid planning involves employing financial and legal strategies to protect your assets while ensuring you qualify for Medicaid benefits if and when you need them. A financial or estate planning professional experienced with Medicaid can help navigate the complex rules surrounding Medicaid eligibility, ensuring that applicants can qualify for benefits without sacrificing all their assets. The goal of Medicaid planning is twofold, explains Paying for Senior Care's article, "Medicaid Planning: Pros & Cons, Costs and Strategies:" 1) to secure Medicaid coverage for long-term care needs, such…
Elder law attorneys can assist family caregivers in understanding their loved one’s current situation and outlining possible solutions for the future.
The intent of the laws and regulations is to allow the community spouse to have enough income and assets, so that he or she has enough income and assets to continue to live at home, whether that be a home, an apartment, or other living place.
The three main areas of focus for elder law attorneys include health care, estate and tax planning and guardianship matters.
Did you know someone who is 65 today has a 70 percent chance of needing long-care treatment in the future? Even seniors who have saved up for their waning years can find it a challenge to pay for nursing home costs, especially when relying only on Medicare coverage.
Here’s what you need to consider, when looking to hire an elder law attorney.
Elder law attorneys can help with a long list of legal matters that seniors often face…
When a spouse enters a nursing home, the cost of care can be financially devastating. Many families are simply unable to afford long-term care without applying for Medicaid.
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.
Nursing homes are expensive with an average cost in the United States of $7,698 per month (2020 average). Most people cannot afford this expense, but they are in desperate need of the services provided by nursing homes (long-term care facilities).
