Medicaid Planning and Medicaid Eligibility Go Hand in Hand
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No matter your age, it’s never too early to start thinking about how you’ll pay for long-term health care. If you think Medicaid isn’t an option because your estate is too large, think again. With Medicaid Planning, you can take steps so that you don’t deplete your estate to pay for health care.
Long term healthcare programs like nursing homes can cost more than $100,000 annually. Are you or someone you know approaching the age of considering nursing home living? Medicaid provides financial assistance for those in need of the program; however, not everyone can qualify for Medicaid. Find out how a little Medicaid Planning can help your chances of eligibility without having to deplete your estate in order to qualify.
The Relationship between Medicaid Planning and Medicaid Eligibility
Medicaid is a need-based program which means that the program is intended to help those that don’t have the means to pay for it on their own. The government has established certain standards to make sure people who get Medicaid benefits need the help. These standards are called Medicaid eligibility requirements. Medicaid Planning now can help you keep your Medicaid eligibility and still retain substantial assets.
What Happens in Medicaid Planning?
During Medicaid Planning, you will learn what techniques might help you qualify for Medicaid assistance. Some believe that they can sell or transfer their assets and, therefore, meet the Medicaid eligibility requirements. This is a very technical process that could cause you a great deal of grief if not done properly. Before beginning such a program, you should consult an experienced Estate, Trust, or Elder Law planning attorney.
Start Medicaid Planning Now! Download “Set the Stage for Medicaid Eligibility,” our free informative white paper that will show you: