Practice Areas > Medicaid Planning
Medicaid Planning
It is something nobody wants to think about, but the reality is that either you or your spouse -- or both of you -- may wind up needing long-term or nursing home care one day. Life expectancy has more than doubled since the turn of the century. If you make it to 65, chances are you’re going to live to 81 if you are a man and to 84 if you are a woman. As a result, nearly one of every two women and one in four men will find themselves in a nursing home some time in their lives. Unfortunately, Medicare will not pay for it. With the costs averaging at least $5,000 per month in most states, two out of three families will run out of money within the first year when faced with a prolonged nursing home stay. There is another option, however. You can get Medicaid to pay for it.
Most people think they have to “spend down” all of their income -- and give up most, if not all, of their assets before the federal-state Medicaid program will cover their nursing home costs. That is not true, however. Our attorneys can show you legal techniques and strategies that will allow you to be covered by Medicaid and still keep your home and many of your assets, while giving some of your assets away to family members or other loved ones. The law allows this, but you have to know how. That’s why it is critical to have the assistance of experts who know how to do it.
And we can still help even if you or your loved one is already in a crisis situation, such as having already been admitted to a nursing home or about to be admitted. Because we focus on Medicaid and Medicaid Crisis Planning, we have quick response systems in place. We can tell you very quickly if we can help -- and if we can save you money.
For more information on Medicaid Planning and how Heritage Elder Law and Planning, PLC can help you and your family please select a link below or contact us today.
- Someone is about to be or has already been admitted to a nursing home.
- Someone is expected to enter a nursing home at some time in the future and would like to be prepared and avoid impoverishment.
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