Medicaid Planning
Medicaid is a public benefits program that many seniors access in order to help pay for the exhorbitant costs of long-term care. But misperceptions and fears regarding Medicaid abound. Let the information that follows serve as the start of your education about Medicaid planning and how this program can help meet the needs of your family while learning how to protect all of the assets you are legally entitled to protect.
Education is crucial when dealing with expensive long-term care costs.
By understanding your options, you can protect assets and obtain Medicaid benefits that can stop the drain on your resources that long-term care causes.
It is an unfortunate fact that most people spend more money on their long-term care costs than they are legally obligated to spend – this simply comes from a lack of knowledge about the applicable rules and regulations that govern this public benefits program.
If you or someone you love needs help because of their age or health situation, the team at Sisson & Sisson can help you navigate the long-term care maze, qualify for Medicaid benefits to stop the drain on your finances that expensive long-term care causes, and protect everything you are legally entitled to protect. As in all the issues surrounding long-term, chronic illnesses, it is crucial that informed decisions be made. Timing with regard to Medicaid eligibility and estate recovery (explained below) is vital in order to attain the dual goal of speeding up Medicaid eligibility while protecting assets.
The primary question seniors and their families face:
How do I afford to pay for the care that I need while protecting assets for my spouse (or other family members) without having all of my hard earned savings consumed by expensive long-term care costs?
Sisson & Sisson helps seniors and their families find the right answer to this vital question. As discussed in the Life Care Planning sections of this website, we help our senior clients and their families find, get and pay for quality long-term care. Knowledge of how to qualify for Medicaid benefits often plays a central role in answering the question about how to pay for quality long-term care.
Remember, the days of residents in long-term care facilities whose care was paid by Medicaid being relegated to a separate wing and receiving a different (lower) level of care are long gone. Federal law prohibits facilities from discriminating against residents based on the source of their payment.
What Is Medicaid Planning?
Medicaid planning is a process of applying the law governing Medicaid eligibility and estate recovery to your particular financial and health care situation. As a primer on this complicated area of the law, see The Consumer’s Guide To Medicaid Planning
At Sisson & Sisson, we keep up on the ever-changing Medicaid laws and Idaho Department of Health and Welfare policies and practices (often unwritten) that are crucial in this area of planning. Rest assured that Any planning we do for you is customized to fit your family’s specific needs and desires. That planning includes all necessary legal documents, consultations and other services, including insulating you from having to deal with the government directly. We not only advise our clients about how to qualify for Medicaid benefits, put in place the legal documents necessary for qualification, but also handle the entire application process for our clients and their families.
Sisson & Sisson is devoted to providing you with peace of mind today, tomorrow and for a lifetime.
Education is crucial when dealing with expensive long-term care costs.
By understanding your options, you can protect assets and obtain Medicaid benefits that can stop the drain on your resources that long-term care causes.
It is an unfortunate fact that most people spend more money on their long-term care costs than they are legally obligated to spend – this simply comes from a lack of knowledge about the applicable rules and regulations that govern this public benefits program.
If you or someone you love needs help because of their age or health situation, the team at Sisson & Sisson can help you navigate the long-term care maze, qualify for Medicaid benefits to stop the drain on your finances that expensive long-term care causes, and protect everything you are legally entitled to protect. As in all the issues surrounding long-term, chronic illnesses, it is crucial that informed decisions be made. Timing with regard to Medicaid eligibility and estate recovery (explained below) is vital in order to attain the dual goal of speeding up Medicaid eligibility while protecting assets. The primary question seniors and their families face:
How do I afford to pay for the care that I need while protecting assets for my spouse (or other family members) without having all of my hard earned savings consumed by expensive long-term care costs?
Sisson & Sisson helps seniors and their families find the right answer to this vital question. As discussed in the Life Care Planning sections of this website, we help our senior clients and their families find, get and pay for quality long-term care. Knowledge of how to qualify for Medicaid benefits often plays a central role in answering the question about how to pay for quality long-term care.
Remember, the days of residents in long-term care facilities whose care was paid by Medicaid being relegated to a separate wing and receiving a different (lower) level of care are long gone. Federal law prohibits facilities from discriminating against residents based on the source of their payment.
What Is Medicaid Planning?
Medicaid planning is a process of applying the law governing Medicaid eligibility and estate recovery to your particular financial and health care situation. As a primer on this complicated area of the law, see The Consumer’s Guide To Medicaid PlanningAt Sisson & Sisson, we keep up on the ever-changing Medicaid laws and Idaho Department of Health and Welfare policies and practices (often unwritten) that are crucial in this area of planning. Rest assured that Any planning we do for you is customized to fit your family’s specific needs and desires. That planning includes all necessary legal documents, consultations and other services, including insulating you from having to deal with the government directly. We not only advise our clients about how to qualify for Medicaid benefits, put in place the legal documents necessary for qualification, but also handle the entire application process for our clients and their families.
Sisson & Sisson is devoted to providing you with peace of mind today, tomorrow and for a lifetime.