A significant amount of Americans need long-term care in nursing homes and many wind up going broke trying to pay for the high costs of care.
Many think that Medicare will pay for the costs of the nursing home, but they are surprised to find out that the most Medicare will cover is the first 100 day and not even the full amount.
There’s a lot of misunderstanding about what Medicaid is and how it helps people who need long-term care. Most people think Medicaid is a program for the poor only.
The truth is, Medicaid can help pay for long-term care and does not require the patient or the patient’s spouse to be completely broke.
In order to receive financial assistance through Medicaid, a patient and the patient’s spouse have to spend down their “countable” assets. In most states it’s down to $2,000 for a single patient. The formula gets more complicated if you’re married with most states letting you keep about half of your assets, up to a maximum amount.
However, there are classifications of assets which are automatically protected and don’t need to be spent down in order to qualify for assistance. In addition, there are certain assets that can be legally converted into protected assets. The process of converting “available” assets into “protected” assets is known as Medicaid planning.
While that sounds simple, the process can be rather complicated.
What assets are safe? How do you convert assets without causing a penalty? The answers to these questions require someone who understands the system and knows how to deliver results.
Unfortunately, many people to try to navigate the complicated bureaucracy by themselves.
You don’t have to face this issue alone. We can help.
Our Mission
We strive to treat every person as if they were our most valued asset. We specialize in protecting what our clients have earned and the family members that they care about. We hold our practice to the highest standard as if we were preparing your plan for ourselves.
Or goal is to help you navigate the complicated Medicaid planning terrain to assist you in getting the most available public benefits for long-term care expenses at the lowest cost possible under the law.
We can help you if you’re worried about how you’ll someday pay for care, if you’re already in need of care, or even if you’ve been paying for care and want to see if you can staunch the flow of assets. Our team provides extensive pre-crisis and crisis planning services.
Our Expertise
We strive to provide the best advice, assistance, and planning possible. We provide a group of the most educated, qualified professionals in the subject at hand. Our network of consultants, financial counselors, attorneys and tax accountants are at the forefront of this topic, regularly writing articles and books on the subject. They are actively engaged in practice and actually teach others how to be Medicaid planners.
Our Guarantee
Not only are we state-of-the-art in our professional knowledge and experience, but we practice the little things that count with the relationships we develop with our clients. We make every effort to inform and educate our clients so that they have full comprehension over the obstacles and choices they face and the complicated process they need to go through to achieve their desired result. Our team is committed to the highest level of ethics and professionalism.
Our Services
Our services include Medicaid planning throughout the US. We assist clients with implementing their plan and seeing it through to completion. We oversee the process and draw upon our qualified network of support providers to help with all aspects of the plan. Many plans involve a mixture of assistance from legal documents to tax advice to financial services and the assistance of care managers. When we put together a planning team to help you reach your objective, it calls upon the talents of many different individuals — each skilled in an area of need.
Call us or email us for a free review of your circumstances! Chances are good we can find a way to help protect your hard earned assets and help you save money.
