What Medicaid Planners Do
Medicaid eligibility is complex and one wrong move could cost you a denial. The rules change frequently. The application is time consuming, and the review process is lengthy. The consequences of being denied by Medicaid are severe and can negatively impact the comfort, happiness, and even the health of the individual applying and their entire family.
Medicaid Planners help clients structure their financial resources (in partnership with a financial planner) and prepare documentation to ensure the greatest possibility of being accepted into the Medicaid program. They facilitate in creating trusts, manage asset transfers, and convert countable assets into exempt assets to ensure eligibility and preserve a family’s resources. They also assist in protecting a family home from Medicaid Estate Recovery through the partnership with an Elder Law Attorney.
In addition, they manage finances to ensure a healthy spouse (a non-applicant spouse) has adequate income and resources to continue living independently during and after the time when their partner is receiving care assistance.
