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.
