Medicaid laws are by and large extremely complicated and difficult to navigate. As such at some point we are all likely to need help figuring out what our rights are in terms of eligibility for Medicaid, as well as planning for the future.
A Medicaid attorney can be particularly helpful when a person needs assistance in planning for long-term care - whether that is for yourself or for a family member.
Even if everything is fine at the moment, the planning services for the future that a Medicaid attorney can offer are worthwhile investments. The simple fact is that Americans are living longer than ever. Unfortunately, with increased life expectancy does come increased cost.
Statistics show us that
• Past 65, there is a 48% chance that you will need care at a skilled nursing facility.
• After 80, it goes up to 90%
• If you happen to be married and over 65, then there is a 70% chance that either you or your spouse will need care..
• 2.5 years is the average stay in a nursing him. In some areas this can cost $6,500 a month.
So with all that being said, just what can you expect from your Medicaid attorney? Well there a few basic things that you are entitled too and these are detailed below.
A Review Of Your Assets –
Getting a thorough examination of your assets to assess for Medicaid qualification is essential – in fact it is crucial. Medicaid regulations and rules mean that the gifting of assets in order to qualify for the program can actually disqualify you. Without proper guidance, an applicant can very easily do something to unknowingly disqualify themselves.
Unfortunately, there are many people who are simply misinformed about the eligibility criteria that Medicaid uses. Such confusion is not uncommon and not surprising, due to the complicated and constant changing of the Medicaid regulations.
It is very important to note that, regardless of what you may have heard, being destitute is not a necessity to qualify for Medicaid benefits.
However, it is very important that you hire a attorney to examine your assets to help you in planning your estate for your Medicaid qualification.
A Thorough Explanation Of Your Options for Medicaid Qualification Estate Planning
What the above step is basically building to is the explanation and preparation of Medicaid planning strategies, plus estate plan options. All of these things should be designed to take into account your specific situation so that everything that is done is tailored exactly for your needs.
Assistance In Completing Your Medicaid Application
Your attorney will deal with Medicaid directly on your behalf to ensure the smooth completion of the complicated application process;
As you can see, it is a complicated process, so do some research before choosing an attorney. Look for a firm that is experienced in the development and implementation of Medicaid planning techniques. Look for someone that has a proven background in such cases, because they will be handling something extremely important for your future.