Medicaid Eligibility Planning

Most people are confused about the differences in coverage for nursing home expenses paid by Medicare and Medicaid. Though Medicare insurance may pay nursing home costs for a limited time, it does not provide protection for long term nursing care. Only Medicaid and long term care insurance provides coverage for extended stays in nursing homes. Medicaid regulations also often permit families to protect significant amounts of assets, particularly when the spouse is still living.  


An elder law specialist has the knowledge of the Medicaid program's complex state and federal rules that are required for successful asset and income protection planning.  There are also important rules protecting family income for the well spouse. Unfortunately, most families do not take full advantage of those rules, with the result that spouses are often unnecessarily impoverished by nursing home expenses. An elder law specialist has the knowledge of the Medicaid program's complex state and federal rules that are required for successful asset and income protection planning.


 

[learn more about Medicaid]

[read more about the differences of Medicare and Medicaid]

[learn more about Qualified Income Trusts]

 

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