Medicaid Planning

Medicaid Planning for long-term nursing home care focuses on helping those who need long-term care understand the complexities of Medicaid qualification and, through a comprehensive study and review of a person’s financial situation, offers a well-reasoned  plan to qualify for Medicaid to pay for their long-term care.

As life expediencies and long-term care costs continue to rise, the challenge quickly becomes how to pay for these services. Without long-term care insurance, few people can afford to pay $6,000 or more each month for the cost of nursing home care.  Most of those who can pay find that their life savings have been depleted in a short time.   Unfortunately, adult children of senior citizens can be faced with selling their parent’s home in order to qualify for Medicaid and other healthcare benefits.

Medicaid is a federally funded, state run insurance program that supports the cost of nursing home care for people who qualify.  In South Carolina, there are strict income and asset limitation tests to qualify. Qualifying for Medicaid is not automatic and is extremely complicated.  If you anticipate that you or your spouse might spend time in a nursing home or other long-term care facility, begin preparing your finances today. It is crucial to evaluate when a loved one will be eligible before filing any Medicaid application. If you do not understand the rules, the information so innocently volunteered through the Medicaid application process could result in a denial and a longer period of ineligibility than necessary.  And, giving away assets to family and friends may actually delay your ability to qualify.

The Law Office of Deirdre W. Edmonds, PA has elder law attorneys experienced in advance Medicaid planning as well as Medicaid crisis planning.  We will review your estate and healthcare needs, help arrange your assets to protect them from nursing home costs and qualify you for Medicaid.  At the Law Office of Deirdre W. Edmond PA, we can help you create a long-term care plan that will provide for your care and help you prepare for Medicaid as part of our comprehensive estate planning services.  By utilizing strategies like strategic gifting, converting countable assets into exempt assets, legal spend downs and irrevocable trusts, we can help protect your assets and quality of life, while saving your family significant money.

To protect your assets, both for personal use during your lifetime and for future generations, schedule an appointment for Medicaid Planning at the Law Office of Deirdre W. Edmonds, PA.