As long-term care costs continue to rise, the challenge quickly becomes how to pay for these services. Many people cannot afford to pay $5500 per month or more for the cost of a nursing home. Even those who can pay for a while may find their life savings wiped out in a matter of months, rather than years. Fortunately, the Medicaid Program can help. But in order to be eligible for Medicaid benefits, you have to meet certain financial teststhat place limits on the amount of income and assets that you can have in order to qualify.
Medicaid is a jointly funded, federal-state health insurance program for low-income and needy citizens. It covers children, the aged including, blind, and/or disabled and other people who are eligible to receive federally assisted income maintenance payments.
We offer Medicaid Planning services; we help you plan so that if you need it, you will be eligible to receive Medicaid benefits, while preserving your hard-earned assets for your family.
Most people think that they have to be destitute to qualify for Medicaid. That is certainly not the case, and we can help provide you with the answers you need. You have worked hard your entire life, and now it’s time to put the system to work for you. Make an appointment today to find out more about how you or your spouse can qualify for Medicaid benefits, and explore the options available to you when it comes to paying for long-term care.