Long-Term Care Planning Is Easier With A Lawyer Who Understands Medicaid
Long-term care planning requires a detailed knowledge of tax law, expertise in estate planning, and a thorough understanding of Medicaid regulations, which are constantly updated and changing. Long-term care estate planning and Medicaid planning should only be done under the supervision of an attorney with expertise in the areas of elder law and Medicaid such as attorney Amanda M. Wolf.
Planning for Long-Term Care
Good news – Americans are living longer lives than ever before! As the senior population grows rapidly, so does the need for legal services for this age group. This area of law is called “Elder Law.” Attorneys who practice elder law deal with the emotional, logistical and financial needs of the elderly. One major problem that many seniors face is the real possibility of needing long term nursing home care.
It’s crucial to keep in mind that Medicare will not pay for long term nursing care or for non-rehabilitative care received at home or in an assisted living facility. Medicare does not cover care for the basic activities of daily living such as bathing, dress, eating, using the toilet and assisted walking. These basic activities, however, are some of the primary functions of nursing home and assisted living facilities, and can include basic and necessary assistance with:
Unlike Medicare, Medicaid can provide benefits to help a person pay for the costs of long term care at home, in an assisted living facility or in a nursing home if the patient is eligible for the program. Medicaid will continue to pay for skilled nursing home expenses indefinitely, regardless of whether or not the patient continues to show improvement.
“Medicaid Planning” is a form of estate planning where an attorney examines your assets and then assists you in managing your estate to help you qualify for Medicaid without eliminating the assets. With the guidance of a knowledgeable elder law attorney, it is legal to implement various estate-planning techniques in order to qualify for Medicaid benefits while preserving and protecting your assets.
Call Today To Learn How We Can Help
Our law firm is experienced in developing and implementing various Medicaid planning techniques to quickly qualify an individual for Medicaid benefits and to minimize or completely eliminate any state recovery for benefits received. Medicaid planning is our passion at Wolf Elder Law and we take great pride in developing sound planning options for our clients tailored to their unique circumstances.
If you or someone you love may need care at home, in an assisted living facility or in a nursing home, we may be able to help. If someone you know is already receiving care in a nursing home, there are still some planning options that can be used to protect assets. In most cases, it is not too late to qualify for Medicaid benefits.
To learn more about how we can assist in your specific situation, call 813-350-7991 or send us an email to schedule an initial consultation. We have offices located in Tampa and Sun City Center for your convenience.