MEDICAID PLANNING

Nursing home care can be a significant expense for seniors and their families, and planning for this type of care can help mitigate the financial burden. Sadly, some seniors spend all their assets on exorbitant in-home care, assisted living fees, or nursing home fees. After working their entire lives, the cost of aging leaves little to nothing left for their families.

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.

What to Bring to a
Medicaid Consultation

• Current bank statement and prior six months for all accounts
• Checking
• Savings
• Certificate Deposit
• IRA
• 401K
• Stocks
• Bonds
• Mutual Funds
• Annuities