Medicaid planning: Protecting you and your family

Medicaid planning is just a part of growing older. You need to think about the best way to qualify while still protecting your assets. When should you start planning? As soon as possible. Medicaid has a look-back period that has to be considered, so taking steps to protect your assets prior to that is important.

One of the most important reasons to plan for your need for Medicaid is because your income or resources are over the financial eligibility limits. When that happens, you won’t be able to get Medicaid until those assets are depleted. For people who don’t plan well, this could mean spending thousands out of pocket for medical care and nursing home expenses before being able to qualify.

Long-term care is extremely expensive, and getting qualified for Medicaid is complicated. Small errors on your application could result in a rejection, so it’s essential that everything is prepared in advance. It can also be time-consuming to apply for benefits if you haven’t made plans in advance.

Is it expensive to plan for Medicaid?

It doesn’t have to be. The costs associated with Medicaid planning come down to the specifics of your case, such as what kinds of benefits you receive and if you’re married. Another factor is who you choose to work with. You should always speak with your attorney about the cost for their services upfront.

Medicaid is an important protection as you begin to require medical support. Our website has more on what to do if you want to start Medicaid planning.

Archives

To Our Valuable Clients:


The federal government has recently enacted legislation to assist citizens and businesses facing uncertain financial challenges due to COVID-19. We are here to help answer questions and guide you through the details of the various processes to procure financial assistance from our government. The acts are very new and more will probably be coming. But they currently provide for dollar for dollar tax credits for payroll for COVID19 related payroll, cash advances and loans that have tremendously favorable terms and in some cases, total forgiveness of the debt.

Please stay as safe as possible during this terrible crisis and if we can help you with questions about the new federal assistance laws, please contact us.

We Can Tailor A Solution To Meet Your Needs.


  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.

  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.