MEDICAID PLANNING & ELIGIBILITY
“I think I have too much income or too many assets to qualify for Medicaid... Can I still qualify?"
I am (or a family member is) facing a large amount of medical bills or costs associated with assisted living facility care. How can I reduce the impact it will have on my savings?
Is it possible to get Medicaid to pay for expensive medical bills or long-term nursing or assisted living facility care?
The cost of long-term nursing or assisted living care can be extraordinary, and can completely deplete a lifetime of savings. However, it may be possible to save personal assets while gaining eligibility for Medicaid benefits that will pay for health care and services, as well as long-term nursing or health care. Butler Elder Law, P.A. can help you become Medicaid eligible, even if you have significant assets or income you would like to protect. In fact, we can help many people who do not think they qualify for Medicaid still become Medicaid eligible, while preserving their way of life and providing assets for the future.
Medicaid planning involves exploring the options and taking the steps necessary to protect your assets and income, while becoming eligible or maintaining eligibility for Medicaid benefits. Many people know that there is a five-year “look back” period which can potentially disqualify someone from Medicaid eligibility. This “look back” period generally disqualifies an individual from Medicaid if they make certain transfers of assets or property, for up to five-years prior to seeking eligibility. Individuals who are facing significant future medical costs may find that themselves unable to give savings or property to friends or family. However, there are options that can be utilized - even within this five-year “look back” period - which may qualify you for Medicaid.
Planning ahead is always the best strategy, and Butler Elder Law, P.A. can help you plan for the future so that you maximize your ability to protect assets while ensuring that you receive the healthcare you desire. If you have not planned ahead for the cost of long-term care, you may be shocked at how costly health care service will eliminate your life’s savings. For those people who have not planned ahead, Butler Elder Law, P.A. can still help you protect all or a portion of these savings, through options which comply with state and federal law. This can help you maintain your lifestyle and leave assets for your children or loved ones, while ensuring that your healthcare costs are covered.
If you have questions about whether you or a loved one qualify for Medicaid eligibility, or if you want to develop a plan for the future, contact Butler Elder Law, P.A. today to schedule an appointment.