Talking with a Medicaid planning attorney is important under many different circumstances. Medicaid planning attorneys at The Law Offices of James A. Miller, P.C. can help you to protect your wealth and can help you to ensure you can get the care you need, when you need it. Our legal team has assisted many families in making a plan to get covered so they can get nursing home care paid for and so they can get other costly medical services without spending a life savings and losing the chance to leave a legacy.
While most people should talk with a Medicaid planning attorney to understand why they might need a Medicaid plan and to get help with the creation of a personalized plan, there are three key situations where it becomes especially vital to talk with a knowledgeable attorney with experience in the Medicaid planning process. You should be sure to contact a Medicaid planning attorney in the following three circumstances.
If You’re Giving a Gift or Inheritance to a Disabled Person
Many disabled people rely on Medicaid to cover healthcare costs because obtaining private insurance is impossible or impractical. If a disabled person is receiving Medicaid and suddenly inherits a large sum of money or is given a big financial gift, this could cause the gift recipient to become disqualified from Medicaid coverage.
This could be a major problem, because many people with disabilities have very costly care needs. The entire gift or inheritance could be spent very quickly on care, which would make the gift or inheritance virtually worthless to the disabled person.
A Medicaid planning lawyer can help to structure a gift or inheritance so it does not cause a loss of access to Medicaid coverage. This is vital so the financial gift can be used to enhance quality of life for the disabled person, rather than being wasted on paying for medical care that Medicaid should be covering.
If You’re the Parent or Caregiver of a Disabled Person Who Will be Receiving Substantial Assets
The same problem of Medicaid disqualification arises when a disabled person receives any kind of money or property, such as money coming from a personal injury settlement if an accident had resulted in the person’s disability. A Medicaid planning lawyer can help to ensure that money a disabled person receives is used to fund a first-party special needs trust. This can protect the assets that were received without causing a loss of access to Medicaid.
If You or a Close Relative Will Likely Need Long-Term Care Services
Medicare and other private insurers typically pay for a limited stay in a skilled nursing facility when you need care such as getting surgical bandages changed. If you need custodial care – which is the term used for basic routine care most nursing home patients require – you aren’t going to be able to get covered by virtually any health insurance policy for this care. You’ll either have to pay for it privately or will have to qualify for Medicaid.
Medicaid is means-tested and having too many resources can result in disqualification from coverage until you’ve spent enough of your own wealth that you can finally become eligible for Medicaid. Unless you’ve made advanced plans to structure ownership of assets to avoid having to spend it on care before Medicaid kicks in, you could lose your life savings and your chance to leave a legacy. You don’t want this to happen to you, so you should reach out to a Medicaid planning attorney at Worcester to put a plan in place to get covered when you need care while keeping as much of your wealth as possible.,
Getting Help from A Worcester Medicaid Planning Attorney
Whatever your circumstances, The Law Offices of James A. Miller, P.C. can help you to determine if you need a Medicaid plan so you can get Medicaid to cover your care costs if you get sick or if you need long term care for any reason. Our legal team will work closely with you to qualify for Medicaid when you need it and to protect your wealth so you don’t have to spend your life savings on a nursing home or other costly care.
To find out more about how a Worcester Medicaid planning attorney at our firm can help you, join us for a free seminar. You can also give us a call at 866-370-3888 or contact us online to get personalized help. Call us today to start putting your Medicaid plan in place.
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