Medicaid Planning in 2025

As the American healthcare, government and many other systems have undergone changes it has become crucial to engage in Medicaid planning than ever before for individuals and families. This means that, based on the potential policy changes, patients may have to worry about different eligibility requirements. To find out more about the expected updates for Medicaid eligibility in 2025 and how they may affect people preparing for care and financial security, read on.

What is Medicaid Planning?

Medicaid planning is a branch of estate planning which is concerned with the protection of the assets of an individual or family and the possibility of meeting the qualifications for necessary health care services. Medicaid is a government sponsored health care program that offers coverage for qualified services like long term care which is a valuable service for the elderly.

Changes to Lookout for in 2025

The principal changes to Medicaid in 2025 could be federal funding cuts and financing reforms. The House Republicans are discussing $2.3 trillion in Medicaid cuts, which would include work requirements and lower the federal minimum federal matching rate for Medicaid costs.

These changes will affect the way Medicaid financing is done and may result in people being covered.

In Oklahoma, Medicaid, also called SoonerCare, includes individuals 65 and older in the group of qualified individuals for Medicaid services. To date, the eligibility requirements have not been revised.

During the first Trump administration, 13 states received approval to condition Medicaid coverage on meeting work and reporting requirements. Only one state, Arkansas, did this. Learn more about work requirements and whether your state will have them.

How Will These Changes Affect Medicaid Recipients?

Potential policy shifts may impact seniors who reply on long-term care coverage. For example, work requirements could pose a problem for those who may not meet certain criteria. In addition, funding cuts could lead to more stringent eligibility, which would mean that people would no longer be able to receive Medicaid benefits at all.

At the state level, the federal changes may also lead to changes in policies. Some states may not agree with the work requirements, while other states may decide to support them. Currently, Oklahoma has not revealed any plans to change directions, but recipients should keep a eye on the legislative alterations.

Strategies for Medicaid Planning in 2025

With potential policy shifts on the horizon, it is imperative to take proactive steps in your Medicaid planning. It is especially important to consult with a Medicaid planning professional, like an elder law attorney to ensure that you and your family understand asset protection strategies.

Oklahoma attorney, Kevin L. Miller, PC has more than 35 years of experience in helping individuals and families of all kinds. He can assist you with life and estate planning, elder law and probate. He can also help with Medicaid planning to help you qualify for benefits and with the preservation/transfer of assets to avoid spousal impoverishment when a spouse enters a nursing home. Kevin offers a high level of personal service with attention to detail.

Contact Kevin L. Miller, PC at (405) 443-5100 to talk about your Medicaid planning today.