Medicaid planning is the process of legally and ethically restructuring an individual’s financial resources and assets in order to become eligible for Medicaid, a government program that provides medical assistance to those with low income or limited resources.
We utilize legal techniques and strategies to protect assets from the “look-back” period, and we take advantage of various exemptions and deductions as allowed. The goal of Medicaid planning is to help individuals qualify for Medicaid benefits without having to spend all of their assets, which can be particularly important for seniors who require long-term care services and may face high medical expenses.
Being able to plan ahead for nursing home care allows individuals the opportunity to research and choose a high-quality facility that meets their needs, locational desires, and preferences.
Knowing you are prepared, can give you and your family peace of mind and reduces stress during an already difficult time.
If an abrupt accident or illness occurs, there is no ability to preplan for the high cost of nursing home care.
When these emergencies hit, let us help ease the stress by guiding you through the Medicaid application process, enabling you to finance these unanticipated expenses. Additionally, we can help with selecting a care facility and protecting as much of your inheritance as possible.