Nursing Home Medicaid Myths
Medicaid and how such state and federal assistance works can be
a daunting task for many families. Not only is your family
in a state of emotional crisis due to the devastating decline of
your loved one's health, your family may also be facing financial demise due
to the thousands of dollars that will be expended each month to
provide the needed care to your beloved family member.
One hears many
variations of "rules" when trying to meander through the maze of
rules and laws related to such planning. As the laws
related to nursing home Medicaid change frequently, on the
federal, state, and administrative agency levels, without
professional help, protecting one's interest in this area,
can be difficult.
Many families needlessly spend down their life savings on
nursing home spend down, not knowing that there are laws that
would enable them to protect their financial future.
How can you
ensure that you are protecting your family in the most effective
way possible? And that you are not following a myth that
could be detrimental to your financial future?
The first step would be to consult with an elder law attorney
who can advise you as to what your legal options are and what
actions you should be taking in order to protect you and your
person can often become immediately eligible for Medicaid
nursing home benefits, without spending their hard-earned assets on
nursing home expenses, and a single person can often protect
half or more of their assets from nursing home spend down.
However, in order to engage such protection, there are specific
actions that need to be taken.
What is your next step?
How can you avoid you and your family having to face the
devastating situation of your or your loved one facing thousands
of dollars of monthly nursing home expenses, and compromising
your financial future?
To avoid such problems, it is recommended that you talk to a legal
professional so that you can understand the options available to
you and your family. It is important that you receive this
information so that your assets can be protected, and that you
and your family are prepared should you face an unanticipated
Call us for your free consultation and find out what your
options are and how you can protect those you love.