Medicaid Planning
Do you have a loved one in a nursing home or hospital? Or are you thinking
long-term care may be inevitable? The professionals at Jordan-Balkema Elder Law
Center can assist you with planning for long-term care costs.
- Will Medicare or private health insurance pay for all or part of
long-term nursing home expenses?
- No. There are only short-term benefits available, if any.
- What is Medicaid?
- Medicaid is a federal entitlement program that may assist in paying for
the costs of a nursing home stay.
- What assets can I keep and still be eligible for Medicaid Benefits?
- Basically they are: Residence, personal property, whole life insurance
with a face value under $1,500.00, certain prepaid burial/funeral arrangements,
savings of $2,000.00 for a single person (more if married) and certain annuities.
- If I have a spouse, must my spouse's income and assets be included when determining my Medicaid eligibility?
- Yes. However, some of these assets and income can be protected if you know your legal rights.
- Once I am in a nursing home, are there still Medicaid Planning options available?
- Yes. If you still have assets to protect, there are still planning options available to you even if you are already in a nursing home.
- How can the Jordan-Balkema Elder Law Center assist you?
- The Jordan-Balkema Elder Law Center focuses on Medicaid Planning and
Estate Planning techniques to assist you in qualifying for Medicaid
benefits before you unnecessarily spend your life savings to pay for
nursing home care. We will tailor a plan for your family using strategies
that will save as much of your assets as is legally possible and qualify
your loved one for Medicaid. We will make the process as easy as possible
by giving detailed explanations and updates, and promptly addressing any
concerns you may have. By using all available techniques, we are able to
obtain maximum monthly Medicaid benefits for you and your loved ones.
Under current law, we can assist in legal strategies to make a married
person eligible for Medicaid almost immediately. With a single person,
most of the assets can also be legally protected.
Medicaid Qualifications
Medicaid Qualification Checklist