Nursing Home and Long Term Care expenses can deplete your life savings very quickly. But they don’t have to!
With proper planning by our Elder Law and Medicaid Attorneys, you can protect your assets from the high cost of the nursing home.
LEARN MORE ABOUT ELDER LAW AND MEDICAID PLANNING:
What is Medicaid Planning?
Medicaid Pre-Planning vs. Medicaid Crisis Planning
Medicaid Pre-Planning - There are numerous ways to plan for protecting your assets from nursing home expenses. A Medicaid Trust is one of the ways. If you’re concerned about how to protect your assets from nursing home expenses, contact our office today to see how or, sign up for a workshop.
Medicaid Crisis Planning - It is not too late to protect your assets even though you or a loved one is already in a nursing home! If you are in a crisis and paying the nursing home bill out of your own pocket, contact us to review your options today!
How can we find out if we’re eligible for Medicaid coverage?
If my spouse goes into a nursing home, will I have to give away all or most of my assets to keep them from being taken to cover the costs of care?
Why should I apply for Medicaid coverage?
Why do I need help obtaining Medicaid coverage? Isn’t it just a matter of submitting the application?
How much will it cost to protect my family and my assets?
I’ve heard Medicaid can take our house for reimbursement. Is that true?
How do I know if we’re eligible for Medicaid coverage?
To put it simply, eligibility is based upon your ability or inability to pay long-term care expenses. Medicaid allows each state to establish specific standards for eligibility based on personal income and assets. The general standard is the applicants can be eligible for coverage if the couple’s “countable” assets (cash, investments, etc.) and income fall within state-designated limits. This calculation excludes the family home, car, certain limited life insurance coverage, and personal household possessions, such as clothing, furniture, etc.
Schedule a free goals consultation here. After your free consultation, you will be presented with various legal options to choose from that fit your specific needs and budgetary concerns. Call our office to get started!
CONSULT WITH AN ATTORNEY
5070 Cascade Road SE Suite 100
Grand Rapids, MI 49546
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