Medicaid Eligibility Planning and Advice
Many people have heard awful stories about how the some elderly people lose everything they own when they go into a nursing home. Often times, much of what people have heard simply isn’t true. For example, you do not always have to wait thirty-six months to become eligible for Medicaid. With a good Medicaid eligibility planning attorney, many of the assets you have spent a lifetime accumulating can be protected from Medicaid.
The Ascent Law helps people throughout Utah establish Medicaid plans that protect their assets should they end up needing nursing home care.
Some people believe that Medicare and Medicaid are the same. This is a misconception. Although it is true that every American, when they reach a certain age, is eligible for Medicare. However, only individuals whose assets fall below a certain dollar amount qualify for Medicaid. In order for a person to qualify for Medicaid, certain techniques can be used to reduce a person’s asset level below the Medicaid asset limit. In this way, someone who might not have qualified for Medicaid benefits can now qualify. Some of the methods people seeking Medicaid advice are routinely offered include:
- Setting up irrevocable living trusts
- Making gifts to family members
- Paying for certain approved Medicaid expenses
- Transferring your home to one of your children
I can help you determine the best course to make you Medicaid eligible. Then, when it becomes necessary to apply for Medicaid, my office will complete the complicated Medicaid forms. Too often people underestimate the importance of these forms. How Medicaid forms are filled out can often be the difference between being granted Medicaid benefits and not being eligible.
Once the forms are filled out, the Medicaid Department requires an interview. My office can present your Medicaid application on your behalf.
I believe that no one should lose their life’s savings because they need nursing home care. This is why I offer a free initial consultation so that families can get the answers they need about their specific situation.