Medicaid Planning in 2025

With the ongoing changes in American healthcare, government, and more, Medicaid planning is essential now more than ever for individuals and families. With potential policy changes on the horizon, Medicaid recipients may see changes in eligibility. Read on to explore the expected updates for Medicaid eligibility in 2025 and how they may affect those planning for care and financial security.

What is Medicaid Planning?

Medicaid planning is an aspect of estate planning for individuals and families aiming to safeguard their assets and maintain eligibility for essential healthcare benefits. Medicaid is a federal and state funded program that includes coverage to services like long-term care which is a crucial resource for seniors.

Changes to Lookout for in 2025

The most significant changes to Medicaid in 2025 could include federal funding cuts and financing reforms. House Republicans are considering $2.3 trillion in Medicaid cuts that would impose work requirements and reduce the federal minimum federal matching rate for Medicaid costs.

These changes will alter how Medicaid financing works, potentially forcing cuts of people covered.

In Oklahoma, Medicaid, also called SoonerCare,  includes individuals 65 and older in the group of qualified individuals for Medicaid services. Currently, the existing eligibility requirements have not change.

During the first Trump administration, 13 states received approval to condition Medicaid coverage on meeting work and reporting requirements. Arkansas was the only state to implement this. Find out more about work requirements and if your state will implement 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 create barriers for those who may not meet certain criteria. Additionally, funding cuts could result in stricter eligibility, causing individuals to lose access to Medicaid benefits entirely.

At the state level, policies may also shift in response to these federal changes. Some states may resist work requirements while others may embrace them. While Oklahoma has not yet announced plans for major changes, recipients should stay informed about legislative changes.

Strategies for Medicaid Planning in 2025

With potential policy shifts on the horizon, it is imperative to take proactive steps in your Medicaid planning. Working with a Medicaid planning professional, such as an elder law attorney, can help you and your family understand asset protection strategies.

Oklahoma attorney, Kevin L. Miller, PC has over 35 years of experience in helping individuals and families of all kinds. He can help you navigate life and estate planning, elder law and probate.

With Medicaid planning Kevin can help you qualifying for benefits and assist with the preservation/transfer of assets seeking to avoid spousal impoverishment when a spouse enters a nursing home.

With Kevin, you will be provided with a high level of personal service with an attention to all the details.

Call Kevin L. Miller, PC at (405) 443-5100 today to get started on your Medicaid planning.