The ability to qualify for Medicaid benefits may become very important as you get older and as your need for healthcare increases. While seniors are typically covered by Medicare and may have Medicare advantage plans to provide supplementary coverage, there are certain important benefits that Medicaid provides that Medicare does not.
A Worcester Medicaid planning lawyer can provide you with important information on Medicaid benefits and on getting qualified for coverage. If you would be disqualified from coverage on the basis of your income or assets, an attorney can also help you to make a plan to get covered if you need care.
The Law Offices of James A. Miller, P.C. has provided assistance with Medicaid planning to many clients who need care and our legal team can assist you with the process of getting covered. Give us a call to find out how we can help.
What Medicaid Benefits Can You Qualify For?
Benefits.gov explains the qualification requirements for Medicaid, or MassHealth as it is called in Massachusetts. There are maximum income levels set for Medicaid qualification.
Rules differ depending upon whether you are a senior qualifying for Medicaid for the Aged Blind and Disabled (MABD) or whether you are seeking to qualify for the standard MassHealth program. For example, Benefits.gov indicates that a person with a household size of two could have a maximum income level up to $21,307 to qualify for MassHealth.
However the state of Massachusetts’ guide to senior health options says seniors can qualify for Medicaid only if their monthly income is below $1,010 and they have less than $2,000 in countable assets. Seniors with incomes up to $1,357 and assets up to $7,280 may also be eligible to get their Medicare part B premiums paid through MassHealth Buy-In but cannot get full Medicaid coverage. All of the different healthcare programs that seniors are eligible for at different income and resource levels are outlined in the guide.
It is important for seniors to make certain thy can qualify for Medicaid coverage because Medicaid benefits can provide payment for things not covered by Medicare-like custodial care in a nursing home. If you cannot get Medicaid benefits, your nursing home care will only be covered by Medicare or private insurers if you need skilled care for a limited time duration. If you need the kind of routine care most nursing home patients require, you’ll have to pay privately until you have spent down your resources to get Medicaid to pay for your nursing home.
How to Qualify for Medicaid Coverage
Because of Medicaid’s strict resource and asset limits, seniors can be disqualified from receiving Medicaid benefits for nursing home care that they need. Seniors could be forced to pay out of pocket for nursing home care and to sell countable personal property until they can bring down their asset levels to the maximum $2,000 limit of resources. This means losing a life savings and losing a chance to leave a legacy.
This can be avoided with advanced Medicaid planning. You can work with an experienced attorney at The Law Offices of James A. Miller, P.C. to structure the ownership of your personal assets so those assets are not considered countable resources for Medicaid. Using trusts and other Medicaid planning tools, you can ensure your property is safe and that you qualify right away for Medicaid benefits when you need Medicaid to pay for your care.
You should try to work with a Medicaid planning lawyer long before you need nursing home care. Medicaid planning usually involves making asset transfers, and Medicaid looks back at five years of financial records when you qualify for benefits to see if you transferred any assets. If you transferred or gave away property during the five year lookback period, you will face temporary disqualification from Medicaid coverage.
Getting Help from A Worcester Medicaid Planning Lawyer
A Worcester Medicaid planning lawyer at The Law Offices of James A. Miller, P.C. can provide the assistance you need to make a Medicaid plan so you can get Medicaid benefits without having to first impoverish yourself and your family.
You deserve to get high quality care without losing your life savings, and our legal team will work hard to help make that happen. Download a free estate planning worksheet to find out more about how Medicaid planning can be a key part of your estate plan. You can also give us a call at 866-370-3888 or contact us online to talk with an attorney for personalized advice.
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