Burlington Medicaid attorneys provide you with legal advice in making plans to get Medicaid to cover your costs if you require nursing home care or other long term care. Many people do not realize how important it is for them to qualify for Medicaid coverage as they get older. It is a common misconception that seniors can rely on Medicare to pay for their healthcare needs and that Medicaid is a program that is only used by low-income individuals. The reality is, millions of seniors end up using Medicaid because it could be the only source of payments for the kinds of care that they need.
It is important to realize how common it is for older people to rely on Medicaid to cover the costs of care so you can make an informed choice about whether you need to make a Medicaid plan. The Law Offices of James A. Miller, P.C. provides help to clients in Burlington in creating a plan to qualify for Medicaid coverage when it becomes necessary, but it is typically most effective to make plans to get Medicaid coverage if you act well in advance of the time that you actually need care. If you don’t realize that you need Medicaid, you could end up not making the plans you need to get covered— and this could cause you to experience substantial financial loss.
The Law Offices of James A. Miller, P.C. will offer you personalized advice on whether making a Medicaid plan is right for you and our legal team can help you to put your plans in place to protect the maximum value of your assets. Give us a call today to find out more about how Burlington Medicaid attorneys can help you and to learn why it is so important that you make plans in advance to get Medicaid coverage when you need it.
How Many Seniors Rely on Medicaid?
According to the Motley Fool, there were around 97 million Americans helped by Medicaid at some time during 2015. Of those who got help from Medicaid, approximately six million people were at least 65 years old.
You may be surprised that so many seniors are getting covered by Medicaid since seniors are also typically covered by Medicare. The reality, however, is that Medicare typically does not cover as much as people expect that it will. There are premium costs for Medicare and there are also co-insurance costs, which can be very high if you need to consume a lot of medical services. Medicare also won’t pay for a lot of important types of care, ranging from eye glasses to dental services.
Unfortunately, another key thing that Medicare typically won’t cover is nursing home care or long term care. While Medicare pays for a brief period of skilled nursing services, like if you need bandages changed after surgery, Medicare will not pay for custodial care. Custodial care is the care most people need in a nursing home because it is simply basic help with routine activities. If you need custodial care, Medicaid is the only source of payments for it in most circumstances, so you have to be sure that you can get Medicaid to pay for your care if you do not want to pay thousands of dollars a month out of your own pocket.
Getting Help from Burlington Medicaid Attorneys
Don’t wait to get your Medicaid plan in place, as there is a very real chance that you could come to rely on Medicaid to pay for your nursing home care or long term care costs as a senior. The Medicaid five-year look back rule is a rule in place to ensure you don’t just transfer assets when you need to qualify for Medicaid. If you have given away money or property within five years of the time you need care, you could find yourself temporarily disqualified from getting Medicaid to cover you. This could lead to substantial financial loss.
While The Law Offices of James A. Miller, P.C. can help with crisis planning to try to protect as much of your wealth as possible if you need Medicaid coverage imminently, you should recognize the very real possibility that you’ll come to rely on Medicaid and should take steps today to put your plans in place to get covered. Join us for a free seminar to find out about why it is so important to make a Medicaid plan, and give us a call at 866-370-3888 or contact us online to get your plans in place.
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