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Leydorf Law Firm, PLLC
Are you or a loved one unexpectedly in need of long term nursing home care?
Medicaid Crisis Planning is needed when someone needs long term nursing home care but hasn’t previously structured their assets to be eligible for Medicaid. Despite advance planning, it is possible for an experienced Medicaid Crisis Attorney to protect a portion of the family’s assets and help the person become eligible for Medicaid benefits.
If this is the situation you or a loved one is facing, please call our office immediately and tell the receptionist you need help with Medicaid Crisis Planning. We will be able to discuss the situation and explain your options in a timely manner.
As sympathetic as the Director of Patient Services at the nursing home may be, they may not have the right information concerning your loved one’s eligibility for Medicaid, or how to become eligible. Before you transfer home ownership or move a lifetime of savings in a panic, talk with Medicaid Crisis Planning Attorney Nick Leydorf to learn what options there are and how to proceed. Acting without the right information could put years of savings at risk.
Most people facing the need for long term care are in a no-win situation. If they have too much money to qualify for Medicaid to pay for the overwhelming costs of long term care, they don’t have enough money to also protect the family and the spouse from becoming impoverished. There are a number of legitimate and ethical legal techniques used by a Medicaid Crisis Planning Attorney to help an individual become eligible without losing everything they have worked for throughout their life.
To be eligible for Medicare, a person must be a U.S. citizen or have been a legal resident for five years, be age 65 or older, or have a disability. Medicare eligibility does not depend on income or assets.
Medicare does not cover long-term care. Medicare is a program that helps pay for certain medical costs, including hospital care, doctor visits, and prescription drugs. It does not help pay for long-term nursing home care or other long-term care costs.
The eligibility requirements for Medicaid vary from state to state, but all states must provide coverage for certain categories of people. These include:
To be eligible for Medicaid, a person must also have a low income and few assets. The specific income and asset limits vary from state to state.
Medicaid is a joint federal and state program providing health care for people with low income and limited resources. For middle class Americans, Medicaid is the last resource when they need long-term nursing home care, which is prohibitively expensive. Today, only very wealthy people can afford to pay for skilled nursing care, which can cost thousands of dollars per month. Private pay would swiftly exhaust the average person’s retirement accounts in a matter of months, which is why Medicaid planning is so crucial.
Each state has its own requirements, rules, and regulations for Medicaid eligibility. In Michigan, several different programs are available to seniors, but you have to know which one is right.
Marital status is also a factor in Medicaid eligibility. There are different programs and different levels of allowable assets for people who are single and for people who are married.
The important thing to remember is that you do not have to spend down your entire life savings to qualify for Medicaid. A skilled Medicaid Planning attorney knows the legally approved strategies used to help the individual become eligible for Medicaid while protecting the family’s assets. These are done ethically and strategically to protect the ill spouse and the well spouse.
If the application is done improperly or ownership of property and assets are not structured right, a Medicaid application may be denied. If your Medicaid application has been denied, call our office. We can help with a Medicaid Appeal so you can get the benefits needed.
Each situation is unique, so the best method of planning will be determined by your specific circumstances. Don’t apply for Medicaid without the help of an experienced Medicaid Planning Attorney.
Nick Leydorf helps people apply for Medicaid benefits in a crisis. He and his team can handle the application and review process so you and your loved ones can focus on caring for each other.
Click here to schedule a free consultation with estate planning attorney Nick Leydorf to discuss your personal medicaid crisis plan: Book a Call