Long Term Care Planning
Making the decision to place a loved one into a nursing home can be a tough decision for any family. On top of that, paying for such care can be a burden on any family regardless of the extent of their assets. Programs like Medicaid are designed to help families pay for the cost of nursing home care. Unfortunately, qualifying an individual for Medicaid can be a troublesome task. To qualify for Medicaid, an individual must be below a certain asset level. Thus, without proper planning or assistance, your loved one’s assets may be unnecessarily depleted.
Done correctly, long term care planning five years in advance of needing nursing home care can help protect an individual’s assets from Medicaid Estate Recovery. However, if your loved one needs to qualify for Medicaid sooner than five years, there can still be certain actions taken to maintain the quality of life for them. Navigating the numerous regulations to qualify a loved one for Medicaid is a difficult task for anyone to handle on their own. Justin Johnson has personal experience handling Medicaid issues and is more than willing to assist you with any questions you may have.
If you have questions about any Elder Law issue, or need an Elder Lawyer, contact us. We will be happy to help you.