Medicaid planning is a key step if you are trying to build something that will provide security for yourself and for your loved ones. Growing your nest egg and growing your business can allow you to be financially secure and to achieve something monumental, but high healthcare costs in your golden years could have a negative impact on your finances. As you work hard to accomplish your goals, you need the right legal support.
Biddinger & Estelle, PC is here to help. Our Medicaid planning lawyers offer assistance with all aspects of setting and achieving your goal. We also provide you with the advice you need to make wise use of legal tools to protect all you have worked so hard for. To find out more, give us a call at 989-872-5601 for personalized advice. We can also answer the pressing Medicaid questions you have that are preventing you from confirming your eligibility such as:
- Why do I need Medicaid Services?
- Am I eligible for Medicaid?
- How can a Medicaid planning attorney help me?
Why Do I Need Medicaid Services?
Medicaid planning is one of the most important things that you can do as you think about your legacy and work to protect your assets. If you have worked your whole life, you probably own property, have money in the bank, and are financially secure – especially if you made smart choices with the help of an elder law professional. Unfortunately, all your effort can be wiped out if you have to pay hundreds of thousands of dollars in nursing home bills.
Medicaid planning is designed to help you make certain this never happens to you. When you create a comprehensive Medicaid plan, you can ensure that Medicaid pays for a nursing home, without you having to spend your entire nest egg. Making sure this can happen is essential, because Medicaid is likely the only insurer who will cover custodial care in a nursing home. Medicare and private providers pay for skilled medical services in nursing homes under certain conditions, but this is not the kind of care most people need.
Am I Eligible for Medicaid?
Medicaid is a needs-based program, designed to provide for Medicaid coverage for people with limited resources. Since you’ve built a nest egg by the time you need care, you wouldn’t qualify in most cases until you had spent your money and even sold property. By creating a Medicaid plan before you need nursing care, you can make sure you are covered by structuring ownership of assets so they don’t count as resources.
If you do not have a plan for how to pay for nursing home care, your assets and financial security are at risk. Covering nursing home costs is one of many things an elder law attorney can help you to plan ahead for. We also provide comprehensive assistance with many other important matters that can shape your future, from planning for a medical emergency to planning your legacy.
The only definitive way to determine if you are eligible is to speak with an experienced Medicaid planning attorney to find out more.
How can a Medicaid planning attorney help me?
Biddinger & Estelle, PC is an elder law firm serving clients throughout Michigan plan ahead for Medicaid so they can protect their wealth. Although our focus is elder law, we do not only represent senior citizens. Everyone, including young people, can benefit from legal advice provided by an attorney who helps them to plan for the future…. and planning for the future is just what an elder lawyer does. To find out more about the elder law and Medicaid services we offer, you can give us a call at 989-872-5601 or attend one of our free and informative estate planning seminars. We look forward to serving you!