Medicaid Planning

Medicaid Planning

Do not spend down until you come meet with us.

Can you afford to pay $80,300.00 per year? The answer for many of those people in our aging population is a resounding “No”. However, according to the Genworth Cost of Care Survey of 2015, that is the national average. The same survey also concluded that 70% of people age 65 or older will need long-term care. The problem is not long-term care, we have exceptional long-term care in the United States, the problem is financing long-term care. Our process evaluates your current situation to produce methods we can use to save and protect your assets should you ever fall ill and require assistance while simultaneously allowing you to develop an estate plan to benefit your loved ones. Everyone has the story or has a friend with the story where their family member lost everything to pay for long-term care. You have contributed to the system for years, the same system that was supposed to be there for that person. They struggled with the financial difficulty imposed by long-term care but you do not need to go through the same difficulty.

  • Crisis Management

    Crisis management or crisis planning refers to the situation where you or your loved one are in imminent need of entering a nursing home. If you have ever been in this situation then you know why this is considered “crisis” management. You know the stress of the financial difficulties and may even be remembering these problems right now. That type of overwhelming stress is bad and leads to well-intended, but unfortunate decisions. Many people seem to believe that once an individual needs to enter a nursing home they will be required to spend down all of their assets before qualifying for Medicaid. This is not necessarily true. The fact is that the person entering the nursing home is limited on countable assets. That means that spending down (spending all the assets above the Medicaid limit) is not the only available option. There are multiple options available but each option must be carefully implemented.
  • Proactive Planning

    Proper planning prevents poor performance and waiting for a crisis is not planning. If you are not in a crisis management situation yet, then stop waiting. According to the Genworth Cost of Care Survey of 2015, seventy percent (70%) of Americans over the age of sixty-five (65) will eventually need some type of long-term care. Medicare does not pay for ongoing long-term care and neither do most private insurance plans. Proper planning combines long-term care planning with estate planning to alleviate the concern of losing everything to illness. We can present you with strategies specific to your situation and then implement those strategies to allow you the ability of achieving your legacy planning goals. Finding the right solution for your exact situation takes knowledge, skill and experience but the single most important factor is you. We must know about you, your concerns and your goals so that we can provide an accurate plan for you and your loved ones.
  • Tips

    • Do not wait. Generally, the sooner you act the more options are available and those options will usually be more efficient.
    • Do not spend down until you meet with us.  We will likely have much better options that may allow you to preserve your assets, leave your children a legacy and still qualify for Medicaid benefits.
    • Come see us before applying for Medicaid. Come see before the need to enter a nursing home arises, but if you or your loved one must enter a nursing home immediately the contact us as soon as possible.
    • Try us out. The initial appointment is free, so… why not?

  • We Can Help You

    WE CAN HELP YOU by evaluating the current financial situation along with the current long-term care plan to determine what assets can be protected and secure the best assistance programs for you or your loved one. Let us help you take care of the financial stress so you can take care of yourself or your loved one. Once you realize that you have nothing to lose by acting then call us and setup your free initial appointment.

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