What is Medicaid Planning?

Medicaid planning, a form of estate planning, helps disabled persons or senior aged persons as they pay for long-term care. Proper planning can help families and individuals save thousands of dollars and avoid serious mistakes. Read on to learn more about Medicaid planning and Elder Law.

Medicaid Planning: Things to Know

An extremely complex program, Medicaid, is administered by the federal and state government. The program is known widely for paying medical costs for low-income families and it also helps seniors pay for long-term care. While there are many moving parts to Medicaid planning, here are three key things you should know.

1. Don’t wait to plan for Medicaid benefits. Do not wait until you or your loved one needs to go into a nursing home or need long-term care, as your options will be limited. This is largely due to the complex rules and regulations that apply to eligibility for Medicaid benefits for long-term care. Plan while you are still healthy! Contact an Elder Law attorney to help you get started.
2. Nursing home care will not be automatically paid for. No individual receives Medicaid benefits automatically. In order to receive them, applicants must meet eligibility requirements, focusing on strict asset and income and medical qualifications. The process is extensive and it would be wise to work with an Elder Law attorney to you navigate the application.
3. You don’t need to sell everything you own to qualify for Medicaid. The eligibility rules for Medicaid can provide options to help you keep your property and assets. An Elder Law attorney can assist you during this process. He or she can make certain that your property and assets are protected.

Choose an Expert for Your Medicaid Planning Needs

Attorney Kevin L. Miller, PC has over 35 years of experience in helping families and individuals in Oklahoma.

Kevin practices Elder Law, a specialized area of practice, focusing on the needs of seniors and individuals of all ages with disabilities.

He says, “As your elder law attorney, I can help with Medicaid Planning, including qualifying for benefits and the preservation/transfer of assets seeking to avoid spousal impoverishment when a spouse enters a nursing home.”

Elder Law can be intricate and an elder law attorney can help you avoid serious mistakes that may affect the Medicaid planning process. An elder law attorney can provide resources and legal tools to help you mitigate and eliminate any risk that you and your family may face in the future.

With Kevin L. Miller, your experience will be tailored and professional and always in a welcoming, confidential and comfortable environment.

Contact Kevin L. Miller, PC today at (405) 943-6650.