When to hire a Medicaid Planner

    Many families wonder if it is really necessary to hire a Medicaid Planner.  In many situations it is prudent, cost-effective, and strongly advised. The decision should be based on each family’s specific situation.  We would be more than welcomed to assist you. 

   The sheer cost of long-term care bears thought and proactive planning. We’re here to help guide you through the process.

     It’s likely you’ve heard stories about the headaches of applying for nursing home Medicaid. Comments like “Medicaid will take everything”, “The nursing home said I must first spend all my money” or "we make too much money" are all simply not true.

     Eligibility requirements for long-term care Medicaid are anything but basic and simple.  Fortunately, Medicaid laws and guidelines allow for exceptions and methods for becoming eligible to receive benefits for anyone. We will attempt to shed a light on Medicaid’s policies and how we may assist you during our consultation.  

    The most common term you’ll hear in becoming eligible for Medicaid is “Spend Down”. Simply put, it means for you to spend all your hard-earned assets to zero and then apply for Medicaid. We call this an uncontrolled spend down and although it is something you may do; it is not necessary.  But even a drastic uncontrolled spend down like that won’t guarantee benefits!  Why? As stated before, the many different polices set are all but simple and basic.  

    But how do you spend down?  Give the money away?  Nope…. Transfer property/personal item? Nope… Any number of mistakes in an uncontrolled spend down will cause Medicaid to rule a denial of benefits.    

If you have these questions, then it will be in your family’s best interest to hire a Medicaid Planner with experience. Hire us!! A Graceful Medicaid Solutions expert.