Nursing Home Crisis Planning
If you're losing sleep over how to pay for your family member's nursing home care, we might have the answer. Medicaid has allowed millions of Americans to get the nursing home care they needed, but couldn't afford.
If you have limited assets and your nursing home and medical bills are more than you can pay, Medicaid may be able to help you too.
Did You Know...
Medicaid currently pays the bill for over half of all people living in nursing homes. But why isn't everyone receiving Medicaid? Nursing home residents often don't have Medicaid coverage because they:
- have long-term care insurance that pays for the entire cost of their nursing home care
- believe incorrectly that they have to become poor paying their nursing home and medical bills before Medicaid will cover them
- don't know how to become eligible and apply for Medicaid
If you need Medicaid, we want to help bridge the information gap that is preventing you from getting the benefits you may be entitled to.
Get Rid of Restless Nights
There are two steps to any Medicaid crisis plan. The first step is to protect what assets you can. This is particularly important when planning for a married couple.
Protecting your assets needs to be done carefully and correctly. Gifts or transfers of assets to your family members, friends, or even your spouse can hurt your Medicaid eligibility. Don't do anything without fully understanding how it will impact your Medicaid eligibility.
The second step is to apply for Medicaid. The application process is rigorous. Medicaid will look back at everything you have done with your money for the last three to five years. If Medicaid finds any improper transfers, you may have to wait through a penalty period before receiving benefits.
Becoming eligible for Medicaid could save you thousands of dollars each month on your nursing home bills. Call us at (888) 909-1414 or contact us online to schedule a free confidential consultation and find out if we can help you.