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Medicaid rules are designed to protect and shield the assets of the elderly. Here are a few of the most common Medicaid planning mistakes and what to do instead: Not Using A Lawyer While it is possible to make Medicaid plans without the assistance of an attorney, it is not a good When in doubt, it is best to work with a trusted Medicaid planning attorney from the start. Delaying Plans Another common Medicaid planning misstep? Waiting too long to cement plans.

have long-term care insurance or have the assets to be self-insured, many people are dependent upon Medicaid Gifts can have tough tax ramifications and create Medicaid ineligibility for a long period of time. Medicaid classifies gifts as uncompensated transfers. The good news is that not all gifts can result in ineligibility for Medicaid. Upon the death of a Medicaid recipient there is expanded estate recovery.

There are many Long-Term Care Medicaid Rules in place which help pay for senior’s care costs. However, it is important for those receiving Medicaid to understand that there is a five year “look back These transfers will not impact your eligibility for Medicaid. This is an enhanced life estate deed that also avoids Medicaid Estate Recovery. #estateplanning #Medicaid #transferhome

In order to qualify for Medicaid, you need the assistance of an experienced Houston Medicaid planning What is Medicaid Planning? Benefits of Hiring a Medicaid Planning Lawyer Medicaid laws and regulations can be complex and ever-changing When to Consider Hiring a Medicaid Planning Lawyer Several situations may warrant the help of a Medicaid Medicaid Planning Strategies Protecting your assets from Medicaid and long-term care costs is crucial

Medicare: The First 100 Days Medicare will cover up to 100 days in a long-term care facility if you parent Medicaid: If your parent does not have long-term care insurance and is facing a stay longer than 100 Your parent may qualify for Medicaid, which can cover long-term care, but there are strict income and Medicaid has a five-year lookback period where they will attempt to “claw back” any assets disposed of can no longer recover the asset gifted or sold below value, your parent may no longer be eligible for Medicaid

Medicaid To be eligible for Medicaid, an applicant’s assets, including income, must be less than a certain If they exceed the financial limits, they will not qualify for Medicaid assistance. But the trust also helps enable you or your loved one become eligible for Medicaid. Medicaid does have a look-back period that varies by state that may result in a delay of eligibility Call us at (281) 885-8826 to find out how our Houston Medicaid Planning Lawyers can help.

A solid Medicaid Plan and/or Irrevocable trust may also be a wise idea in order to protect your family grasp of long term-care facilities, without jeopardizing your loved one’s access to benefits such as Medicaid #ElderLaw #LongTermCarePlanning #Medicaid

Houston can help you utilize tools such as trusts to protect assets so that you can be eligible for Medicaid #estateplanning #HoustonEstatePlanning #Medicaid

Medicaid will cover long-term care, but qualifying can be challenging for many retirees and guidelines No. 4: Medicaid can’t touch my home. Not necessarily. If you qualify for Medicaid and it pays for long-term care, federal law mandates that states recoup the money spent by Medicaid on your behalf from your estate after you pass. Medicaid won’t make your spouse sell your home after you die, but it may put a lien on your house in

Remember that Medicare doesn’t pay for personal or homemaking care, but it does cover home health care be part of a plan that is established and reviewed by a doctor, and they must be provided through a Medicare-certified Medicaid has specific income eligibility rules, which vary by state. Reference: Kiplinger (January 2016) “How to Support a Caregiver” #PayingforaNursingHome #HoustonMedicaid #MedicaidPlanning #HoustonElderLawAttorney #Medicaid #Medicare #RetirementPlanning #LongTermCarePlanning

For many people, Medicaid may carry a certain stigma. Denial of Your Medicaid Claim Of the individuals that are aware of their eligibility for Medicaid, they for a nursing home (which must be certified by Medicaid and accept Medicaid payment.) What Can I Do if I’m Interested in Medicaid Coverage? To learn more about your eligibility and options regarding Medicaid, call us today!

This inability to change ownership of your IRA can lead to gaps in planning for Medicaid and Veteran for retirement planning, not for retirement” #AssetProtection #EstatePlanningLawyer #IRA #401k #403b #Medicaid