As we grow older, we must face the fact that we may require Medicaid to help pay for long-term care. Expenses related to long-term care services can range from nursing home costs to in-home assisted living services, all of which are quite expensive.
You’ve lived a long life and paid your dues, so you have earned these benefits. However, it’s not always easy to ‘qualify’ to get what you need. Obtaining Assisted Living Medicaid benefits can be very complicated and usually require an elder law attorney to maximum assistance.
When it comes to qualifying for Medicaid, people often get incorrect advice, which may have unintended repercussions when followed. For example, some people think you should not have any assets in your name when applying for Medicaid. However, the truth is that if you give everything away, you may end up delaying when you qualify. Moreover, the government may still attribute those assets given away to you when calculating your benefits.
We specialize in the entire process of Medicaid Planning to ensure you obtain the assistance you need in a timely and efficient manner.
There are two kinds of Medicaid Planning that you are likely to face, and we can help you with both of them — Crisis Planning and Proactive Planning. Also, we provide legal services to help you with your Medicaid Application.
Suppose you are young and just starting on life’s road, or whether you are just reaching the age of retirement. The last thing you may be thinking about is planning for tomorrow. Especially one where you end up needing assisted living, require long-term care for a medical condition, or require a nursing home’s services. The reality is that no matter what age you are, no one wants to think of these things. We all want to believe that we will live happy and healthy forever.
But the cold hard truth is that these things happen, and it’s better to take steps to prepare for these unfortunate events than to be stuck in a crisis situation. Skilled professional care is expensive – at the current rates, a year in a nursing home could exceed $153,000 (2021 figures).
If you don’t have a plan in place, this money may have to come from your hard-earned savings. How many people have you heard about who filed bankruptcy because of their or a loved one’s medical expense?
This is where Proactive Planning, also called Pre-Crisis Planning, is essential.
The Law Office of Raymond E. Brown focuses on the laws and regulations related to long-term care and Medicaid benefits. With our assistance, we can help you create a comprehensive asset protection plan. This ensures that you are in control of your financial and personal affairs if you or a loved one requires nursing home care or becomes disabled.
We understand that planning for medical emergencies or the need for long-term care is not everyone’s favorite topic. But we work hard to make the process easy and give you peace of mind, knowing that your assets and legacy are protected.