Medicaid Planning

Medicaid Planning Attorney

Medicaid is a federal health care program for low-income individuals regardless of their age. However, few people have prior experience with Medicaid planning until a member of their family is in need of nursing home care.

Although it is a federal and state program, Medicaid eligibility is very complex. The rules change frequently and differ from state to state, so an individual has to meet the health and financial conditions to qualify for Medicaid in Florida.

Retaining a Medicaid planner or Medicaid planning services is not always necessary but, in many situations, can be cost-effective and beneficial. Medicaid planners help clients prepare documentation and structure their financial resources to ensure Medicaid eligibility and protect assets from potential Medicaid recovery. Not all Medicaid planners are elder law attorneys, but it is strongly advised that you retain the one that is because the laws governing Medicaid benefits are complex.

With assistance from an experienced Medicaid planning attorney, you can help your loved one obtain ICP (Institutional Care Program) Medicaid benefits as quickly as possible.

Medical Planning Law Firm Serving Sarasota, Port Charlotte, Englewood, and Surrounding Communities

Paying long-term care costs is definitely among the most significant challenges many elders face. Often, they believe that Medicaid will not pay for nursing home costs until all assets and resources are depleted, but in Florida, that is not the case.

There are several Medicaid care programs for individuals in Florida. Naturally, programs have different qualifications and requirements. However, Medicaid benefits can cover different healthcare expenses, such as personal assistance, nursing care, rehabilitation, as well as long-term care.

In Florida, the Department of Children and Families and the Social Security Administration for Supplemental Security Income (SSI) decide Medicaid program eligibility requirements.

Medicaid Planning For Families

Making the decision to move forward with nursing home care or assisted living facility is difficult enough without having to jump through the hoops that are required to qualify for ICP Medicaid.

Since the costs of nursing homes are higher than seniors’ ability to pay out of pocket, Medicaid planning helps them pay for long-term medical care without spending down their life savings and selling all of their assets. But, if a person needs Medicaid’s help to pay for the long-term care planning and costs, they have to go through a health screening so their healthcare needs can be confirmed.

 

Medicaid Planning and Income Requirements

In order to qualify for Medicaid, a person has to fulfill the health requirements of the Medicaid program. There are also financial requirements, meaning the potential Medicaid applicant can’t make too much money or have too valuable assets in compliance with Medicaid requirements.

There are additional complications. If an individual is applying for Medicaid, only his or her income would be considered. But, if one spouse of a married couple is applying for Medicaid, it’s important to know that no portion of the income of the spouse staying at home (called a community spouse) is required to be assigned to Medicaid. But, the community spouse’s assets may affect the institutionalized spouse’s Medicaid.

If the healthy spouse has little income or no income of their own, the spousal impoverishment rules kick in. In other words, Medicaid may allow a part of the applicant’s income to be set aside to the community spouse if their income falls below the Minimum Monthly Maintenance Needs Allowance (MMMNA).

A seasoned elder care attorney can help you file the application correctly to ensure that your loved one’s assets are protected from liquidation and any necessary legal documents are filed.

  • This often reduces the time involved in the approval process and can help relieve much of the stress of getting everything in order for your loved one to enter a long-term care facility.
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Medicaid Planning For Individuals

If you are considering planning your estate, it is important that you also discuss Medicaid planning with your Elder Law attorney.

Making the decisions now while you are still able can help your family immensely in the future should you require long-term care.

  • Medicaid planning can help you protect your own assets, so you can leave them to those you care about most.

Whether you are making decisions for someone else or you are planning for your own future, you need a knowledgeable Medicaid planning attorney who is concerned with protecting the interests and assets of the person needing care.

Contact Lehn Law, P.A. today for a consultation or Medicaid planning advice.

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