Medicaid Planning

Medicaid Planning

Medicaid is a joint federal and state program. It is not an entitlement program like Medicare, but rather a form of social support. Financial eligibility for Medicaid benefits is based upon the applicant’s assets and income. The requirements differ if a person is single or married, living in the community or in a nursing facility. Nursing home care is expensive and can wipe-out lifetime’s worth of savings. However, with proper and timely planning, and by utilizing honest methods and existing laws, Medicaid can cover the cost of nursing home care. Your assets can be preserved for you, your spouse or your children.

Medicaid laws are complex and are constantly changing. Our law firm has the experience and the expertise to help you avoid the financial ruin associated with the high cost of long-term care. We provide our clients with a thorough explanation of the laws related to Medicaid, as well as available options. Depending on your needs, we can assist you in developing legal strategies that could include:

  • Irrevocable Trusts
  • Preservation and transfer of assets
  • Homestead Protection
  • Annuities
  • Supplemental and Long Term Health Insurance