Medicaid Planning
Strategic planning to protect your assets while qualifying for essential Medicaid long-term care benefits.
Overview
Benefits of Medicaid Planning
- ✓Protect family assets from long-term care costs
- ✓Ensure quality care for you or your loved one
- ✓Navigate complex Medicaid rules and regulations
- ✓Preserve assets for the healthy spouse and family, Avoid unnecessary spend-down of life savings
- ✓Peace of mind knowing your future is secure
Key Features
Asset Protection Trusts
Legal structures to protect assets while qualifying for Medicaid benefits.
Spousal Protections
Strategies to ensure the community spouse maintains financial security.
Long-Term Care Planning
Comprehensive planning for current and future care needs.
Crisis Planning
Immediate action plans for last-minute Medicaid qualification.
The Process
Initial Consultation
Initial consultation to review assets, income, and care needs
Review of Financial Situation
Analysis of current financial situation and Medicaid eligibility
Plan Development
Development of a customized asset protection plan
Document Preparation
Implementation of recommended strategies and document preparation
Application Assistance
Assistance with Medicaid application and documentation
Ongoing Plan Reviews
Ongoing case management and annual plan reviews
Frequently Asked Questions
How far in advance should I start Medicaid planning?
The earlier, the better. While crisis planning is possible, starting 3-5 years before needing care allows for the most effective asset protection strategies and ensures you meet the look-back period requirements.
Can I give away assets to qualify for Medicaid?
Medicaid has a 5-year look-back period for asset transfers. Gifting assets can result in penalties. Proper planning can help structure transfers to minimize or avoid penalties while protecting your assets.
What is the difference between Medicare and Medicaid for long-term care?
Medicare provides limited short-term skilled nursing care (up to 100 days) after a hospital stay, while Medicaid covers long-term care for those who meet strict financial and medical eligibility requirements.
Ready to Get Started?
Contact us today to schedule a consultation and take the first step in securing your legacy.