- IT IS NEVER TOO LATE TO APPLY
You can begin planning for Medicaid at any time even if your loved one has already been moved to a skilled nursing facility. However, the earlier you start planning the more options there will be to protect the things that are most important.
- YOU CAN KEEP YOUR HOUSE
If you are married and you or your spouse needs to go into a long-term care facility, your home is exempt. If you are single and you need long-term care, your house may also be exempt if certain rules are followed. Planning is a crucial step to keeping your home safe.
- DON”T GIVE AWAY YOUR “STUFF”
Giving away or “Gifting” your assets can cause major delays in receiving Medicaid benefits. There are ways to protect your assets without giving them away like putting them in special kinds of Trusts.
- BE CAREFUL WHEN YOU APPLY
Applying too early can mean a longer wait to receive the benefit, or it can even mean having to pay out of pocket for care when that may not be necessary. Never apply for Medicaid without a plan to ensure you qualify.
- CONSULT WITH QUALIFIED LEGAL COUNSEL
Medicaid planning is very complicated. You will need a qualified professional to help you keep your assets protected. It is important to work with legal counsel that specializes in elder law or Medicaid law.
6. JOIN US FOR OUR FREE LUNCH & LEARN
We're having a FREE lunch and learn on Thursday, January 18th and would love to save you a seat. Just RSVP by clicking here and giving us a little information.