Plan Today for Long Term Care
Medicaid Planning for Long Term Care covers payment assistance for Skilled Nursing Facilities, Adult Family Homes, Assisted Living Facilities, and in home care. I assist families in trying to understand the myriad of state and federal rules to come up with a plan that works with the person needing care and their family. Each plan is unique to each family as each set of circumstances are different. Some people have to spend down to qualify for state care, some don’t. Sometimes we have to work out plans to preserve the wealth for the remaining spouse or for disabled family members.
Medicaid for Long Term Care is a needy program. Clients have to be financially and medically needy. In most cases, Medicaid benefits kick in where personal funds leave off. In many cases you may have to private pay at a facility before the facility will accept Medicaid benefits. In addition, touching base with an elder law attorney can alleviate a lot of stress during a time of crisis. Advanced planning can offset any penalties which could be imposed as a result of well-meaning transferring or gifting of resources to family. Penalties can delay coverage for long term care for your family member.
As an offset to private paying or applying for Medicaid Long Term Care Benefits is Long-Term Care Insurance. It can be purchased years in advance to help off-set using your hard earned savings on residential care.
With a specialty in Medicaid Planning, I am able to assist those who are able to plan ahead but also those who are not. For many without experience navigating the Medicaid systems, I am a resource for making sure the families understand and can qualify under the rules. My office assists with whatever forms and applications are necessary and we make sure the forms are completed properly and submitted on time in order to receive the maximum amount of benefits. My office also handles Medicaid Appeals for those who are wrongfully denied benefits.
For those who are not in urgent need of long-term care, a good estate plan, which can include a Will, Power of Attorney, and Advanced Health Care Directive, can be invaluable in a time of crisis. If your loved one has a stroke, heart attack, or receives a diagnosis of dementia, having all their estate documents completed ahead of time can alleviate stress and add to peace of mind.