MEDICAID PLANNING

(Click here to watch Medicaid Rules on Income and Assets video)

Having to place a loved one in a nursing home is can be an emotionally difficult experience for any family.  Part of the fear is realizing that nursing home care costs can eat up all of your loved one’s hard earned savings. That means having nothing left to leave to the children or grandchildren.

(Click here to watch Spousal Refusal and Medicaid video)

Once a person has used up all of their private funds to pay for nursing home care, they can then apply to have the government pay for nursing home care through an agency called Medicaid.

(Click here to watch Pooled Trust video)

Medicaid has some complicated rules as to when a person is financially eligible. However, the worst thing for family members facing these issues is well-meaning family and friends giving conflicting or incomplete advice, which in the end causes the family to lose money or property in order to reimburse Medicaid.

One good way to protect against nursing home costs is to buy long-term healthcare insurance. However, if that is not available, then pre-planning with an estate planning attorney is the best method for financial security against nursing home care costs.

Medicaid will look at your financial records going back 60 months and penalize you for any improper transfers are gifts that you may have made during that time. However,

You can qualify for Medicaid in less than five years

As an experienced elder care attorney, I have proven strategies that will allow you to receive Medicaid in less than five years and still save a majority of your money for your family. Find out how this works by filling out our Medicaid analysis form and we will be able to tell you how much money you can save from Medicaid on day one by creating one of our special trusts.

You can also stay in your home rather than going to a nursing home.

There are programs called Community Medicaid which allow you to receive the same services paid for by Medicaid without leaving your home.